TheEconomicPsychologyofSavingandDebt-Exeter.pptVIP

The Economic Psychology of Saving and Debt;Outline of talk;Some background from Economics;;;Schematic diagram of ‘hump’ saving;Saving motives across the life-span;;What Economic Psychologists say;Katona’s contribution;Saving involves self-control - which is difficult!;Saving and expectations about the future;Thaler - the concept of mental accounts;Some recent studies ;Debt study;;Results;How far is debt a short term problem?;Debt status in 1994 and 1995;Why do people save?;;Saving Goals;Individual differences and saving;;Results;DO psychological factors improve our ability to predict saving? Y