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Household Behaviour and Debt Demand

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

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 
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 2011

Authors and Affiliations

  • Daniela Vandone

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