Rising Prices and Financial Management Practices of Urban Families in India
AbstractThe consequences of rising prices and concomitant high cost of living are adverse and cause severe hardships to the families in the form of financial difficulties. The costs associated with financial difficulties are significant for the individuals involved. Personal stress, illness, marital discord, child abuse and loss of home often coincide with financial failure. The close association between financial difficulties and stress related problems within families indicates the need to address and assess the issue of management practices adopted by the families, when confronting inflation. This paper takes a more eclectic view by recognizing that families need to adapt and adjust to rising prices and financial difficulties by altering their priorities and reallocating their expenditure plans. Rising prices of consumer goods often compel families to drastically alter their consumption and the composition of their savings.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Research Centre for Social Sciences,Mumbai, India in its journal Journal of Global Economy.
Volume (Year): 3 (2007)
Issue (Month): 1 (February)
Contact details of provider:
Web page: http://www.rcssindia.org
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statistics
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr J K Sachdeva).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.