ASSOCIATION BETWEEN DEMOGRAPHIC FACTORS AND SAVING OF STATE SECTOR EMPLOYEES IN KARAVEDDY DIVISIONAL SECRETARIAT DIVISION IN JAFFNA DISTRICT - SRI LANKA.

Unspent income is called as saving and it plays an important role in maintaining proper standard of living of households and providing necessary capital for an economy which is essential for economic development. This study aims to identify the association between demographic factors and the saving of the state sector employees in the Karaveddy Divisional Secretariat Division in Jaffna District of Sri Lanka. Karaveddy Divisional Secretariat is one of the Divisional Secretariat under the Jaffna District Secretariat in Northern Province of Sri Lanka. The necessary data for the study were collected through questionnaire from 144 state sector employees and the respondents were selected under simple random sampling method. The Chi-square test was used to identify the association between demographic factors and saving. It was concluded that age, civil status, educational qualification and income have association with saving of the state sector employees in the Karaveddy Divisional Secretariat, whereas author couldn't find any association between gender and family size; and saving. Based on these findings, it is recommended that Governmental authorities, banks and financial institutions should introduce different categories of investment and saving programs and projects for different group of state sector employees.