Households and the Value of Money

Dimitris N. Chorafas

Chapter 5 in Household Finance, 2013, pp 107-129 from Palgrave Macmillan

Abstract: Abstract Economists suggest a variety of reasons that motivate household consumption and saving decisions. Theoretically, people base their consumption habits on the income they expect to receive over their entire lifetime. Seen in this perspective, household saving is a way of smoothing consumption in expectation of variations in income over shorter periods and temporary fluctuations, and over longer periods including saving for retirement and other events such as the education of children.

Keywords: Cash Flow; Credit Card; Balance Sheet; Disposable Income; Consumer Protection (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-29945-1_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137299451

DOI: 10.1057/9781137299451_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().