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Poor people have, on average, a higher marginal propensity to consume. One (out of many) possible explanations for this is that poverty affects impatience. This would have important implications for monetary and fiscal policy. While some macroeconomists simply assume lower individual discount...
Persistent link: https://www.econbiz.de/10012206628
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
Integrating economic experiments into household surveys provides unique possibilities. We introduce the German Socio …
Persistent link: https://www.econbiz.de/10013166791
Productive consumption enables the satisfaction of current needs and simultaneously increases the productive potential … of labour. From the perspective of growth theory, the productive-consumption hypothesis is of fundamental interest … because it modifies the harsh intertemporal consumption trade-off traditionally assumed. Two fundamental possibilities for …
Persistent link: https://www.econbiz.de/10014139440
two-period consumption and savings model for a loss-averse agent who measures utilityfrom consumption relative to a … of the return on saving. We find non-linearity in the fractionof wealth saved, where the specific saving pattern depends … on the sign of the real return on savings. The amount of saving is nondecreasing in initial wealth and the riskiness of …
Persistent link: https://www.econbiz.de/10011317449
This paper proposes a framework for comparing the predictions of representative household models with those of models of overlapping generations, in the context of a class of endogenous growth theories with investment adjustment costs. In the model used in this paper, savings and investment are...
Persistent link: https://www.econbiz.de/10013072414
consumption, particularly for individuals under the threat of furlough, while simultaneously increasing their account balances … the ability of the standard economic model to accurately predict consumption patterns, although this effect was less …
Persistent link: https://www.econbiz.de/10014448268
Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...
Persistent link: https://www.econbiz.de/10010489777
electricity consumption and influenced by the opinion of their close relatives. We also examined how consumption awareness is … over-analysis). Findings: Our study showed that the number of occupants does not affect consumption patterns as most … changes in savings are explained by either awareness or by a clear understanding of consumption patterns, and only 10.2% by …
Persistent link: https://www.econbiz.de/10014490288
women) can help explain measurable outcomes such as marriage formation, intra-marriage distribution of consumption goods …
Persistent link: https://www.econbiz.de/10011572290