Marknad och hushåll : Sparande och krediter i Falun 1820-1910 utifrån ett livscykelperspektiv

• The primary aim of this thesis has been to analyse the transformation of the Swedish capital market from a household perspective. The investigation shows that the transition from a mostly private credit market to a more institutionalised credit market took place at the end of the nineteenth century. At this time there were several actors in the credit market that were able to fulfil the diverse needs of credit that different households might have. This need was very much correlated to the household’s particular stage in its life-cycle. In accordance with the life-cycle theory and the permanent income hypothesis, households displayed a savings and consumption pattern that was dependent on income and the burden of expenditure. Households also seemed to have particular difficulty meeting expenditures, so-called life-cycle squeezes, when the household was first started, when the household size was at its peak and when the head of family reached old age, which coincided with a declining capacity to work. The investigation also shows that household savings were meant for old age. Contrary to the assumption made in life-cycle theory, households seemed to intend to provide heirs with an inheritance. This finding is more in keeping with the permanent income hypothesis, which states that households were expected to maintain their assets intact over the course of a life-time.

Subject headings

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Ekonomisk historia (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economic History (hsv//eng)

Keyword

Economic history

Household

local credit market

19th century

savings

borrowing

savings banks

private bankers

private lenders

lenders

borrowers

property

assets

debts

probate inventories

life-cycle perspective

life-cycle squeezes

life-cycle theory

permanent income hypothesis

Ekonomisk historia

Falun

Economic history

Ekonomisk historia

Ekonomisk historia

Economic History

Publication and Content Type

vet (subject category)

dok (subject category)