가계동향조사와 국민계정을 이용한 가계저축률의 비교 연구 = A Study on the Savings Rates Using HIES and SNA

다국어 초록 (Multilingual Abstract)

The method of using micro data such Household Income and Expenditure Survey(HIES) to explain the household savings rate of the national accounts, which is a macro indicator, is a very useful approach. However, there have been many criticisms that the trends of the household savings rate calculated from the two data sources are too different. Accordingly, this study aims to explain the reasons for the differences in the household savings rate as a basic task for studying the household savings rate. The main results are as follows. First, as a result of adjusting the main items, the trends of the household savings rate obtained from HIES and SNA have become quite different. In the 1990s, the household savings rate from the National Accounts was higher, the difference narrowed from 2000 to 2009, and from 2010 to 2016, the household savings rate from HIES was higher. Second, the important factors that caused the differences in the savings rates between the two data were the Employers’ social contributions and the consumption of durable goods, and the interest payable also played an important role. What is interesting is that the effects of the Employers’ social contributions and the consumption of durable goods have increased over time. Therefore, if this trend continues in the future, the household savings rate in HIES and the national account will continue to be different. Research that attempts to explain the macro savings rate in the national account using micro data from HIES should keep this in mind.