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

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  • Tine De Moor
  • Jaco Zuijderduijn

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, thus creating cash rents to be able to survive old age. Copyright , Oxford University Press.

Suggested Citation

  • Tine De Moor & Jaco Zuijderduijn, 2013. "Preferences of the poor: market participation and asset management of poor households in sixteenth-century Holland," European Review of Economic History, European Historical Economics Society, vol. 17(2), pages 233-249, May.
    • Handle: RePEc:oup:ereveh:v:17:y:2013:i:2:p:233-249
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    File URL: http://hdl.handle.net/10.1093/ereh/het005
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    Cited by:

    1. Sara Horrell & Jane Humphries & Jacob Weisdorf, 2022. "Beyond the male breadwinner: Life‐cycle living standards of intact and disrupted English working families, 1260–1850," Economic History Review, Economic History Society, vol. 75(2), pages 530-560, May.
    2. Horrell, Sara & Humphries, Jane & Weisdorf, Jacob, 2020. "Life-cycle living standards of intact and disrupted English working families, 1260-1850," LSE Research Online Documents on Economics 106986, London School of Economics and Political Science, LSE Library.
    3. Sara Horrell & Jane Humphries & Jacob Weisdorf, 2019. "Working for a Living? Women and Children’s Labour Inputs in England, 1260-1850," Oxford Economic and Social History Working Papers _172, University of Oxford, Department of Economics.
    4. Zuijderduijn, Jaco, 2016. "The Ages of Women and Men : Life Cycles, Family and Investment in the Fifteenth-Century Low Countries," Lund Papers in Economic History 150, Lund University, Department of Economic History.
    5. Horrell, Sara & Humphries, Jane & Weisdorf, Jacob, 2020. "Life-cycle living standards of intact and disrupted English working families, 1260-1850," Economic History Working Papers 106986, London School of Economics and Political Science, Department of Economic History.

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