For all intents and purposes: Depositor behavior and strategy in a London savings bank

Linda Perriton, Stuart Henderson

Research output: Contribution to journalArticlepeer-review

Abstract

In this paper, we offer an alternative to class-based studies of saving behavior by using individual-level ledger records from accounts opened in 1830 in the Limehouse Savings Bank, London. Our analysis suggests that such banks served a valid financial purpose for a much wider constituency of savers than the targeted “industrious poor.” True gaming of the system by the middle classes appears to be relatively limited, and instead depositors were using accounts for a variety of means and motivations. We suggest that the contemporary consternation around class was misplaced and that we can better understand and predict depositor behaviors through analysis of transaction data.
Original languageEnglish
Pages (from-to)1-36
Number of pages36
JournalEnterprise & Society
Early online date28 Sep 2020
DOIs
Publication statusE-pub ahead of print - 28 Sep 2020

Keywords

  • savings banks
  • England
  • philanthropy
  • savings behaviour

Fingerprint

Dive into the research topics of 'For all intents and purposes: Depositor behavior and strategy in a London savings bank'. Together they form a unique fingerprint.

Cite this