Personal savings and transaction balance changes

Thomas, S.H. and Pearce, I.F. (1996) Personal savings and transaction balance changes. The Manchester School, 54, (4), 380-390.


Full text not available from this repository.


In this paper the authors draw attention (1) to the role of contractual saving via life funds in the definition of personal savings and (2) to the appearance of transactions balance changes in recorded data when inflation is present. Using quarterly U.K. data for the period 1963-82, they estimate a simple model, which is both theory and data consistent: changes in noncontractual savings are dominatedby transaction balance changes, and other economic variables t hat frequently appear in savings and consumption studies are found to be unimportant

Item Type: Article
ISSNs: 1463-6786 (print)
Subjects: H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions : University Structure - Pre August 2011 > School of Management
ePrint ID: 37396
Accepted Date and Publication Date:
Date Deposited: 01 May 2007
Last Modified: 31 Mar 2016 12:06

Actions (login required)

View Item View Item