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wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …
Persistent link: https://www.econbiz.de/10009477527
By how much do employed households reduce their consumption when the aggregate unemployment rate rises? In Spain during … of their expectations on future income growth rates: the shadow of unemployment. Using consumption panel data that … the Great Recession a 1 percentage point increase in the unemployment rate was related to a strong drop in household …
Persistent link: https://www.econbiz.de/10012530370
remittance and non-remittance income affect consumption of various categories of goods in Nepal, again using the 2003/2004 Nepal … Living Standards Survey. I use general additive models to allow remittance and non-remittance income to affect consumption … nonparametrically and interactively and calculate elasticities of consumption for both remittance and non-remittance income. Confidence …
Persistent link: https://www.econbiz.de/10009429659
characterized as a hybrid of an income tax and a consumption tax. Under this view, a fairer and better tax system also can be …
Persistent link: https://www.econbiz.de/10009432054
and Facts The basic model: the consumption/saving choice Allowing for a labor/leisure choice (the RBC model) Allowing for …
Persistent link: https://www.econbiz.de/10009433258
and Facts; The basic model: the consumption/saving choice; Allowing for a labor/leisure choice (the RBC model); Allowing …
Persistent link: https://www.econbiz.de/10009433264
Clean renewable energy bonds (CREBs) present a low-cost opportunity for public entities to issue bonds to finance renewable energy projects. The federal government lowers the cost of debt by providing a tax credit to the bondholder in lieu of interest payments from the issuer. Because CREBs are...
Persistent link: https://www.econbiz.de/10009435846
. Replication of Sumner's consumption model suggests long lag lengths are a mis-specification: the true underlying model is periodic …-integration between income and consumption, based on a periodic error correction model, is rejected. A PADL specification is preferred for … modelling the income-consumption relationship, using seasonally unadjusted data. …
Persistent link: https://www.econbiz.de/10009454987
behaviour, compulsive consumption represents another aspect that has recently attracted more attention. This is because of the … hence a need for a holistic view exists. This paper provides a comprehensive perspective on compulsive consumption and … and their influence on compulsive consumption. Keywords—Chronic consumer states, complusive consumption, family life cycle …
Persistent link: https://www.econbiz.de/10009457597
examining ecologically sustainable consumption practices. A qualitative methodology was used in this phase to develop a better … sustainability behavior and whether apparel-related sustainable consumption was included in their portfolio of practicesThe well …-being of individuals, families and organizations is dependent upon responsible consumption of world resources. The human …
Persistent link: https://www.econbiz.de/10009464027