AHORRO DE LOS HOGARES MEXICANOS ANTES Y DURANTE LA PANDEMIA DE LA COVID-19 ON THE MEXICAN HOUSEHOLDS’ SAVINGS BEFORE AND DURING THE COVID-19 PANDEMIC

In this research paper we analyze the Mexican household saving rates before and during the COVID-19 pandemic. Our key research goal is to update the knowledge on this topic and quantify the effects of socioeconomic and sociodemographic covariates as household saving determinants. We apply a quantile regression model taking data from the 2018 and 2020 Encuesta Nacional de Ingresos y Gastos de los Hogares. Our results provide evidence about the heterogeneity of the effects of socioeconomic and sociodemographic household saving determinants, also about the dynamic change of effects associated with the determinants and the household saving rate, as a consequence of the economic crisis derived from COVID-19.