In this paper we use micro-data as a basis for measuring liquidity constraints over the time period 1972-86. We then employ our results to (i) investigate the Life Cycle/Permanent Income Hypothesis and (ii) examine the theory that the consumer boom of the 1980s can be explained in terms of the financial liberalisation which took place at the start of the decade.
Authors
Research Associate University of Padua
Guglielmo is a Research Associate at the IFS and Professor in the Department of Economics at the Faculty of Statistics, Padua University.
A. Jonathan Davies
Journal article details
- DOI
- 10.1111/j.1475-5890.1991.tb00157.x
- Publisher
- Wiley
- ISSN
- Print: 0143-5671 Online: 1475-5890
- Issue
- May 1991
Suggested citation
Davies, A and Weber, G. (1991). 'Credit and British Consumers: Some Micro Evidence' (1991)
More from IFS
Understand this issue
Spring Budget 2024: What you need to know
7 March 2024
IFS Deputy Director Carl Emmerson made a Fellow of the Academy of Social Sciences
4 March 2024
The way Chancellors respond to economic news adds to our debt - here's why
1 March 2024
Policy analysis
What you need to know about the new childcare entitlements
28 March 2024
Oil and gas make Scotland’s underlying public finances particularly volatile and uncertain
27 March 2024
Recent trends in public sector pay
26 March 2024
Academic research
Willingness to pay for improved public education and public healthcare systems: the role of income mobility prospects
14 March 2024
Unfunded mandates and taxation
14 March 2024
Does the value-added tax add value? Lessons using administrative data from a diverse set of countries
9 February 2024