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Time Allocation of Resources: Whether to Save or Spend

In: FINANCIAL THEORY Perspectives from China

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  • Xingyun PENG

Abstract

In Chapter 2, we learned that finance is a bridge between the surplus and shortage of funds. As such, capital surplus is the foundation of finance. Savings is the original source of surplus, as well as one of the most important aspects of a rationally allocated lifetime income. After receiving a salary or bonus, the first decision you must make is what to do with this income. In other words, how much can you spend and how much should go towards future savings? This is the time allocation of resources. Savings has a great influence on the macroeconomy and is also an important aspect of our personal finances. This chapter will mainly introduce readers to the factors that motivate people to save and that influence people's decisions to save, as well as the reasons why people decide to spend or save.

Suggested Citation

  • Xingyun PENG, 2015. "Time Allocation of Resources: Whether to Save or Spend," World Scientific Book Chapters, in: FINANCIAL THEORY Perspectives from China, chapter 4, pages 71-89, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781938134326_0004
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