Household Behaviour and Debt Demand

Daniela Vandone

Chapter 2 in Risk Tolerance in Financial Decision Making, 2011, pp 67-80 from Palgrave Macmillan

Abstract: Abstract The theoretical economic framework for consumption, saving and indebtedness decisions is developed within the Life Cycle theory, proposed by Modigliani and Brumberg in 1954, and the Permanent Income Hypothesis, developed by Friedman in 1957.

Keywords: Risk Aversion; Credit Card; Risk Preference; Consumer Credit; Hyperbolic Discount (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30382-9_3

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DOI: 10.1057/9780230303829_3

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