Household Behaviour under rationing

The pandemic-induced economic crisis has seen a massive increase in savings as households could not spend their income. The last time that consumers were seriously rationed was during the Second World War. This article models the behaviour of households during the War years and its immediate aftermath in Ireland, Sweden, the US and UK. Savings were held in liquid form and, once the War was over and rationing eased, a consumption boom transpired. However, significant excess savings were converted into physical assets in the housing market. There is evidence that this pattern is being repeated as the Covid-19 crisis eases.

Kenny, SeánLund University,Lunds universitet,Finanshistoria, banker och försäkringar,Ekonomisk-historiska institutionen,Ekonomihögskolan,Financial history, banking and insurance,Department of Economic History,Lund University School of Economics and Management, LUSEM(Swepub:lu)ekh-sak (författare)
Cermeño, Alexandra L.Lund University,Lunds universitet,Ekonomisk utveckling i det globala Syd,Ekonomisk-historiska institutionen,Ekonomihögskolan,Economic development of the Global South,Department of Economic History,Lund University School of Economics and Management, LUSEM(Swepub:lu)al4017lo (författare)
Trinity College DublinFinanshistoria, banker och försäkringar (creator_code:org_t)

Ingår i:National Institute Economic Review: Cambridge University Press (CUP)263, s. 6-260027-95011741-3036

Av författaren/redakt...: Fitzgerald, John; Kenny, Seán; Cermeño, Alexand ...

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