Household Behaviour and Debt Demand

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


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.


Risk Aversion Credit Card Risk Preference Consumer Credit Hyperbolic Discount 
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© Daniela Vandone 2011

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  • Daniela Vandone

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