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
![Guglielmo Weber](/sites/default/files/styles/square_desktop/public/2022-07/Guglielmo%20Weber.jpg?itok=nqNwcCi-)
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.
![Person graphic](/sites/default/files/styles/square_desktop/public/2022-06/IFS-person-graphic.png?itok=hWCtTSrz)
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)
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