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Alexandra Lopez Cermeno . Photo

Alexandra Lopez Cermeno

Associate senior lecturer

Alexandra Lopez Cermeno . Photo

Household Behaviour under rationing

Author

  • John Fitzgerald
  • Seán Kenny
  • Alexandra L. Cermeño

Summary, in English

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.

Department/s

  • Financial history, banking and insurance
  • Department of Economic History
  • Economic development of the Global South

Publishing year

2023-08-18

Language

English

Pages

6-26

Publication/Series

National Institute Economic Review

Volume

263

Document type

Journal article

Publisher

Cambridge University Press

Topic

  • Economic History

Keywords

  • rationing
  • consumer behaviour
  • economic history
  • D12
  • D14
  • N12
  • N14
  • N30

Status

Published

ISBN/ISSN/Other

  • ISSN: 0027-9501