The Limits of Choice

Saving Decisions and Basic Needs in Developed Countries

Sahra Wagenknecht author

Format:Paperback

Publisher:Campus Verlag

Published:3rd Dec '13

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The Limits of Choice cover

In The Limits of Choice, Sahra Wagenknecht examines household saving decisions and basic needs in Germany and the United States, based on official data from both countries from the 1950s to present day. Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based exclusively on their permanent or lifetime income, Wagenknecht proposes a rule of thumb according to which consumers will save if their current income exceeds basic expenditure, while they will demand credit when income can no longer meet basic needs.

ISBN: 9783593399164

Dimensions: 21mm x 15mm x 2mm

Weight: 425g

328 pages