Development of theoretical approaches to the households' saving behavior research

The article presents the main stages in the development of theoretical models in the field of house-hold saving behavior. The approaches to the analysis of consumption and saving decisions proposed by theclassical, neoclassical, Keynesian and behavioral schools of economics are considered. The limitations of thepermanent income hypothesis and life cycle hypothesis are identified. The determinants of household savingbehavior, such as current and future income, interest rate level, and individual preferences, are analyzed. Special attention is paid to psychological and behavioral factors. Directions for further research in this area are outlined.