Determinants Of Household Saving Behaviour – A Special Reference In Manmunai South Eruvil Pattu Divisional Secretariat Division Of Batticaloa District.

Abstract

Saving is the chief macroeconomic variable through it a country can procure potential investment thus it accelerates the economic growth. National saving are collected through the private and the public savings while private savings contain household saving as a major part. The objective of the research is to identify the determinants of household saving behavior in Manmunai South Eruvil Pattu Divisional Secretariat Division of Batticaloa district. Household saving behavior depend on demographic variable, financial literacy and self – control. For this study, data were collected through using the statistical techniques of univariate analysis, cross tabulation techniques, correlation and regression analysis, chi –square test and hypothesis test from 100 samples.

 The results of the study showed that determinants, of household saving behavior in Manmunai South Eruvil Pattu Divisional Secretariat Division of Batticaloa .There  is a significant  different  in a  financial  literacy and self  - control saving behavior demographic factors influence to determine household saving and according to chi – square test found significant relationship between  demographic factors and saving behavior. However, the government can implement appropriate policies in order to increase the income level of the people and to reduce their expenditures in such a manner household saving can be encouraged.