Household Finance: A Functional Approach

Abstract

Intro -- Acknowledgments -- Contents -- List of Figures -- List of Tables -- Chapter 1: Introduction -- 1 Saving -- 2 Consumption -- 3 Investment -- 4 Housing -- 5 Payment -- 6 Borrowing -- 7 Risk Management -- 8 Financial Inclusion and Financial Technology -- 9 Impact of Interventions -- 9.1 Education -- 9.2 Peer and Social Influence -- 9.3 Product Design -- 9.4 Market Design -- 9.5 Fiscal Stimulus -- References -- Chapter 2: Saving -- 1 Introduction -- 1.1 The Experience in Britain and Europe -- 1.1.1 1700-1800s: Thrift and Individual Self-Reliance -- 1.1.2 1900-1940s: Thrift to Finance Infrastructure and War -- 1.1.3 1940s-1960s: Restoration Through Thrift -- 1.1.4 From 1960s: Decline of Saving -- 1.2 The Experience in the US -- 1.2.1 1800s-1900s: Weak Commitment -- 1.2.2 1930-1950: The Golden Age of Saving in the US -- 1.2.3 1950s: Consumption-Oriented Economics -- 1.2.4 1980s-2008: Further Collapse of Saving -- 1.2.5 After 2008: Post Financial Crisis -- 1.3 The Experience in Asia -- 1.3.1 Indonesia -- 1.3.2 Philippines -- 1.3.3 India -- 1.3.4 Singapore -- 1870-1940: Building a POSB -- 1940-1945: Japanese Model of Thrift -- After Japanese Occupation: Independence -- 1.3.5 Japan -- Early 1880s: Thrift Philosopher -- 1880s-1940s: Thrift as a National Duty -- 1940s-1980s: Restoring Japan Through Thrift -- 1980s-1990s: Japan's Peak in Thrift and Consumption -- 1.3.6 Korea -- 1905 to 1945: Domestic Saving -- 1950 to 1953: Korean War -- 1954 to 1997: Aftermath of the Korean War -- 1997 to Present: Asian Financial Crisis -- 1.3.7 China -- 1980s: Saving Boom -- 1.4 Conclusion of Historical Review -- 2 Theory -- 2.1 Classical Model -- 2.2 Keynesian Saving Function -- 2.3 ISLM Model -- 2.3.1 Early Tests of Keynes' Saving Function -- 2.4 Permanent Income Hypothesis -- 2.5 Life Cycle Hypothesis.