Abstract
This chapter is on saving behavior and its determinants and consequences. Consumers save for a financial buffer, for specific transactions, for “rainy days,” for their children, and for their retirement. Future-time preference and self-control are needed to refrain from immediate spending and to save money for “later.” This chapter can be read in combination with chapters 11 (individual differences and segmentation), 12 (confidence and trust), 15 (time preference), and 17 (self-regulation).
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© 2016 W. Fred van Raaij
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van Raaij, W.F. (2016). Saving Behavior. In: Understanding Consumer Financial Behavior. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137544254_3
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DOI: https://doi.org/10.1057/9781137544254_3
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-71343-1
Online ISBN: 978-1-137-54425-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)