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The Determinants of Household Debt Holding: An Empirical Analysis

  • Daniela Vandone
  • Cristina Ottaviani
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

As already pointed out in Chapter 2, the theoretical economic framework for indebtedness decisions is developed within inter-temporal consumption choice models which are based on the economic rationality of individuals, who seek to increase their living standards and maximise their expected utility by smoothing consumption over different periods of their lives through saving and borrowing decisions.

Keywords

Risk Tolerance Consumer Credit Hyperbolic Discount Debt Market Secured Debt 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Daniela Vandone and Cristina Ottaviani 2011

Authors and Affiliations

  • Daniela Vandone
  • Cristina Ottaviani

There are no affiliations available

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