Habits and Envy: What Drives the Consumption Behavior of U.S. Households? Evidence from PSID, 1999-2009
Year of publication: |
2013
|
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Authors: | Schmid, Kai D. ; Drechsel-Grau, Moritz |
Institutions: | Institut für Makroökonomie und Konjunkturforschung (IMK), Hans Böckler Stiftung |
Subject: | Household Consumption | Reference Consumption | Habits | Relative Income Hypothesis | Difference GMM | PSID |
Extent: | application/pdf |
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Series: | IMK Working Paper. - ISSN 1861-2199. |
Type of publication: | Book / Working Paper |
Notes: | Number 123-2013 10 pages |
Classification: | C23 - Models with Panel Data ; D12 - Consumer Economics: Empirical Analysis ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; E21 - Consumption; Saving |
Source: |
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Habits and envy : what drives the consumption behavior of U.S. households?
Drechsel-Grau, Moritz, (2013)
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Schmid, Kai D., (2013)
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Consumption–savings decisions under upward-looking comparisons
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Consumption-Savings Decisions under Upward Looking Comparisons: Evidence from Germany, 2002-2011
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