Self-control, financial literacy & the co-holding puzzle

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Self-control, financial literacy & the co-holding puzzle

We use UK survey data to analyze the puzzling co-existence of high cost revolving consumer credit alongside low yield liquid savings in household balance sheets, which we name the ‘co-holding puzzle'. Approximately 12% of households in our sample co-hold, on average, £3800 of revolving consumer...

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Bibliographic Details
Main Authors:	Gathergood, John, Weber, Jörg
Format:	Article
Published:	Elsevier 2014
Subjects:	Consumer credit; Self-control; Financial literacy
Online Access:	https://eprints.nottingham.ac.uk/29811/

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