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In Denmark the most frequent means of payment are cash and dankort. A survey study of Danish payment behaviour reveals that older citizens as well as low-income groups in particular prefer cash. A recent change in Danish surcharge regulation permits retailers to charge a fee when receiving...
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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 …
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