Assessment of Socio-economic Factors in the Problem of Managing of Households Savings

Abstract

Household savings are a valuable source of investment that is necessary for the sustainable development of national economic systems. However, in Russia the share of households with investment strategy behavior is extremely low. An urgent task is to increase it by reducing the share of non-savers households, taking into account the relationships between the elements of the economic system. The study looked at the household’s savings in the middle class of the Russian region (Perm Region). The middle class is the core of society, which contains its most educated, productive and financially active part. The author’s attention was focused on assessing the region’s economic environment as a result of managing the share of non-savers. The paper considered a conservative scenario of region’s development, which provided reducing the share of non-savers in the middle class from 53 to 40%. According to this, goal target indicators of the economic environment were presented: plan of reducing the share of non-savers households in time, based on the mathematical model of optimal control of savings, as well as the necessary average income, gross regional product production and investment volume that were established by correlation and regression analysis. The possibilities of attracting household investment to the regional economy were analyzed. The share in the necessary investment growth, which can be ensured by such a successful investment tool as an individual investment account, was defined. The recommendations for the development of tax and institutional incentives to increase household investment activity were given.