Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
970490 | The Journal of Socio-Economics | 2008 | 14 Pages |
Abstract
Economic decisions in private households involve two aspects: what to buy and how to finance it. Models of spending and financing are presented, and determinants of credit decisions in the private household are discussed. It is proposed that both situational characteristics (e.g., gender roles, children, and relationship quality) and process characteristics (e.g., mental accounting and utility prediction) need to be taken into account. Moving from an individual perspective to a household perspective has implications for theoretical conceptions of credit decisions, and for consulting policy of banks and consumer organizations.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Erich Kirchler, Erik Hoelzl, Bernadette Kamleitner,