Christiaensen, Luc; Pan, Lei - World Institute for Development Economic Research … - 2010
income is fungible. Drawing on the concept of mental accounting, this study theoretically explores when such a link between … spending behaviour and the effort dispensed in obtaining income is plausible. Empirically, it is found that the marginal … propensity to consume from unearned income is about three times larger than that from earned income, based on household panel …