Determinants of Private Consumption.

This paper looks at the evolution of consumption theory over time and critically examines the widely accepted permanent income / life cycle hypotheses concerning consumer behaviour in terms of the empirical evidence. Attention is also devoted to the role of time horizon, time preference and capital market imperfections in determining the consumption / savings split of individual consumers.

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Year of publication:	1999
Authors:	Bayar, A. ; McMorrow, K.
Institutions:	Directorate-General Economic and Financial Affairs, European Commission
Subject:	CONSUMPTION \| INCOME \| WEALTH

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Series:	European Economy - Economic Papers.
Type of publication:	Book / Working Paper
Notes:	46 pages
Classification:	D12 - Consumer Economics: Empirical Analysis ; D31 - Personal Income, Wealth and Their Distributions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005780961