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Preferences of the poor : Market participation and asset management of poor households in sixteenth-century Holland

De Moor, Tine and Zuijderduijn, Jaco LU (2013) In European Review of Economic History 17(2). p.233-249
Abstract

Our article aims to detect differences in behaviour towards the capital and land market of households of different sizes and levels of income. Participation in markets for real estate, capital, and ships was considerable, not only among middling and elite groups but also among the poor. Large households were most active in markets, incurring significantly greater debt. Poor households with a low supply of labour were relatively active, purchasing houses and ships, and incurring debts, possibly in order to cope with a lack of parental support. Middling-group households with a low supply of labour primarily sold houses and invested in the capital market, adjusting capital assets to declining labour supply at the end of their life cycle,... (More)

Our article aims to detect differences in behaviour towards the capital and land market of households of different sizes and levels of income. Participation in markets for real estate, capital, and ships was considerable, not only among middling and elite groups but also among the poor. Large households were most active in markets, incurring significantly greater debt. Poor households with a low supply of labour were relatively active, purchasing houses and ships, and incurring debts, possibly in order to cope with a lack of parental support. Middling-group households with a low supply of labour primarily sold houses and invested in the capital market, adjusting capital assets to declining labour supply at the end of their life cycle, thus creating cash rents to be able to survive old age. © 2013 © European Historical Economics Society.

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author
publishing date
type
Contribution to journal
publication status
published
subject
in
European Review of Economic History
volume
17
issue
2
pages
17 pages
publisher
Cambridge University Press
external identifiers
  • scopus:84877259507
ISSN
1361-4916
DOI
10.1093/ereh/het005
language
English
LU publication?
no
id
c0fdc9d1-fdda-4b7b-9742-7caae9aad17c
date added to LUP
2016-09-15 16:02:06
date last changed
2017-08-13 04:57:58
@article{c0fdc9d1-fdda-4b7b-9742-7caae9aad17c,
  abstract     = {<p>Our article aims to detect differences in behaviour towards the capital and land market of households of different sizes and levels of income. Participation in markets for real estate, capital, and ships was considerable, not only among middling and elite groups but also among the poor. Large households were most active in markets, incurring significantly greater debt. Poor households with a low supply of labour were relatively active, purchasing houses and ships, and incurring debts, possibly in order to cope with a lack of parental support. Middling-group households with a low supply of labour primarily sold houses and invested in the capital market, adjusting capital assets to declining labour supply at the end of their life cycle, thus creating cash rents to be able to survive old age. © 2013 © European Historical Economics Society.</p>},
  author       = {De Moor, Tine and Zuijderduijn, Jaco},
  issn         = {1361-4916},
  language     = {eng},
  number       = {2},
  pages        = {233--249},
  publisher    = {Cambridge University Press},
  series       = {European Review of Economic History},
  title        = {Preferences of the poor : Market participation and asset management of poor households in sixteenth-century Holland},
  url          = {http://dx.doi.org/10.1093/ereh/het005},
  volume       = {17},
  year         = {2013},
}