Personal Savings and Transactions Balance Changes
AbstractIn this paper the authors draw attention (1) to the role of contra ctual 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 p resent. 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 savi ngs are dominatedby transaction balance changes, and other economic variables t hat frequently appear in savings and consumption studies are found to be unimpor tant. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester
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Bibliographic InfoArticle provided by University of Manchester in its journal The Manchester School of Economic & Social Studies.
Volume (Year): 54 (1986)
Issue (Month): 4 (December)
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Web page: http://www.socialsciences.manchester.ac.uk/disciplines/economics/
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