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expenditures on housing, education, and health care. …
Persistent link: https://www.econbiz.de/10011123886
This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income growth in metropolitan areas during 1987-2002 is about 4½ percent per year, well above the "headline" growth of 1½ percent obtained by deflating nominal incomes by the CPI....
Persistent link: https://www.econbiz.de/10005768765
Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns...
Persistent link: https://www.econbiz.de/10005769214
El presente estudio muestra cómo comparan las magnitudes construidas a partir de los microdatos de la Encuesta Financiera de las Familias (EFF) con magnitudes de fuentes alternativas, como las Cuentas Financieras y otras encuestas de renta y consumo. Para ello, primero se analizan las...
Persistent link: https://www.econbiz.de/10014502660
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consumption expenditures. As a result, tests of standard theories of consumption (such as the Permanent Income Hypothesis, or PIH … goods and services to measures of real income and wealth, where the latter are deflated by a price index for total … consumption expenditures. We demonstrate that this procedure is only valid under the assumption that real consumption of …
Persistent link: https://www.econbiz.de/10014108059
is affected by the gap between ‘target’ and actual wealth, with the target wealth determined by credit conditions and … saving rate’s long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …
Persistent link: https://www.econbiz.de/10011242291
This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with fiscal variables, and in particular with government debt per capita. Using data from eighteen OECD countries the paper examines whether there is any empirical evidence to support...
Persistent link: https://www.econbiz.de/10008727794