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Ciclo de vida e motivações financeiras

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  • Carvalho, Kátia
  • Nascimento, Mabel
  • Neri, Marcelo Côrtes

Abstract

This paper attempts to describe the process of acumulation and desacumulation of financial holdings across the life-cycle. The paper is divided in two parts, in the first, we survey the theoretical literature on the long run motivations behind the demand for financial assets by household units. In the second part, we evaluate the empirical relevance of these motivations using a series of Brazilian household surveys. In particular, we use a qualitative survey implemented by the Associação Brasileira de Crédito e Poupança (ABECIP).

Suggested Citation

  • Carvalho, Kátia & Nascimento, Mabel & Neri, Marcelo Côrtes, 2000. "Ciclo de vida e motivações financeiras," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 393, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    • Handle: RePEc:fgv:epgewp:393
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    References listed on IDEAS

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    2. Besley, Timothy & Coate, Stephen & Loury, Glenn, 1993. "The Economics of Rotating Savings and Credit Associations," American Economic Review, American Economic Association, vol. 83(4), pages 792-810, September.
    3. Holtz-Eakin, Douglas & Joulfaian, David & Rosen, Harvey S, 1994. "Sticking It Out: Entrepreneurial Survival and Liquidity Constraints," Journal of Political Economy, University of Chicago Press, vol. 102(1), pages 53-75, February.
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    6. James Banks & Richard Blundell, 1993. "Household saving behaviour in the UK," IFS Working Papers W93/05, Institute for Fiscal Studies.
    7. Douglas Holtz-Eakin & David Joulfaian & Harvey S. Rosen, 1993. "Sticking It Out: Entrepreneurial Survival and Liquidity Constraints," Working Papers 698, Princeton University, Department of Economics, Industrial Relations Section..
    8. Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1986. "The Strategic Bequest Motive," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages 151-182, July.
    9. Donald R. Haurin & Susan M. Wachter & Patric H. Hendershott, 1995. "Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation," NBER Working Papers 5070, National Bureau of Economic Research, Inc.
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    11. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, June.
    12. Paxson, Christina H, 1992. "Using Weather Variability to Estimate the Response of Savings to Transitory Income in Thailand," American Economic Review, American Economic Association, vol. 82(1), pages 15-33, March.
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    Cited by:

    1. Cysne, Rubens Penha, 2000. "A note on an application of Arrow's theorem: sufficient conditions for Lucas' inflation and welfare," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 397, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    2. Maria da Piedade Morais & Bruno de Oliveir Cruz, 2007. "Demanda Habitacional, Escolha Das Condições De Ocupação Da Moradia E Política Habitacional No Brasil," LARES lares_2007_t065-morais_cr, Latin American Real Estate Society (LARES).

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