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Persistent link: https://www.econbiz.de/10000369578
In this paper, we estimate a consumption function based on a new set of data for household wealth. The basis is a … standard error correction model where consumption is driven by income and wealth developments in the long run. The model which … to income and wealth in the long-run. The model can, basically, be interpreted as a re-estimated version of the existing …
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In this paper, we estimate a consumption function based on a new set of data for household wealth. The basis is a … standard error correction model where consumption is driven by income and wealth developments in the long run. The model which … to income and wealth in the long-run. The model can, basically, be interpreted as a re-estimated version of the existing …
Persistent link: https://www.econbiz.de/10010321191
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