| The objectives of this study were (a) to determine the socio-economic factors that influence the amount of savings held in particular forms of savings, (b) to determine the socio-psychological factors that influence the amounts of savings held in particular forms of saving, and (c) to identify the relationship between the independent socio-economic and socio-psychological variables and dependent variables, the amount of savings held in particular forms of savings.; The data for this study were obtained in May, June, and July 1986 from the Jakarta metropolitan region which has a population of approximately 7.8 million. A random sample of 650 was drawn from the 4417 customers of Bank Bumi Daya branch offices who have savings and/or checking accounts. There were 429 respondents to the questionnaire for a response rate of 66 percent. The survey included respondents from the entire metropolitan Jakarta area in which the 16 Bank Bumi Daya branches are located.; The survey questionnaire was developed for this study. The survey instrument contains 52 questions which deal with (a) husband and/or wife attitudes toward saving, economic goals, and life goals; (b) family demographics or socio-economic statistics related to a variety of forms including questions regarding age, family size, income level, jobs, and education; and (c) amount of family saving in several forms, including state commercial banks, private or foreign banks, common and preferred stocks, houses, and land and car values.; A series of multivariate statistical tests were employed to delineate the role of attitudes and family indices in contributing to savings behavior. These include canonical correlation analysis and two stage least squares analysis.; As hypothesized, the results of the study indicated that the socio-economic variables--family income, family size, age of respondent, education, number of earners in family, and land and house ownership--had significant relationships to the amount of savings held in one or more different forms of savings. The socio-psychological variables, the respondent's perceptions that (a) inflation rate, in terms of the market value of common stock, rises with the cost of living, that (b) buying stock represents savings, and that (c) the risk of saving in a state commercial bank was low, had significant influence on the amount held in particular forms of savings. |
