Callen, Michael; Mel, Suresh De; McIntosh, Craig; … - eSocialSciences - 2014
When households increase their deposits in formal bank savings accounts, what is the source of the money? High … deposits directly from households each week. In this context, the headwaters of formal savings are to be found in sacrificed … leisure time: households work more and work more on the wage market when savings options improve. These results suggest that …