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.

Download

Full text not available from this repository.

Description/Abstract

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
Date Deposited: 01 May 2007
Last Modified: 27 Mar 2014 18:23
URI: http://eprints.soton.ac.uk/id/eprint/37396

Actions (login required)

View Item View Item