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Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a...
Persistent link: https://www.econbiz.de/10010298407
Most simulated micro-founded macro models use solely consumer-demand aggregates in order to estimate deep economy-wide preference parameters, which are useful for policy evaluation. The underlying demand-aggregation properties that this approach requires, should be easy to empirically disprove:...
Persistent link: https://www.econbiz.de/10010419864
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10013137999
In this paper we study the impact of the income distribution on innovation through the demand for quality goods. For simplicity, we assume that there are two types of consumers, rich and poor. The income distribution is measured by the population share of the poor and the relative income of the...
Persistent link: https://www.econbiz.de/10010263108
Persistent link: https://www.econbiz.de/10012200490
Since the late 1970s, the price indices underlying the poverty lines in India have been updated using aggregate indices … higher levels of poverty in eastern India, and generally, smaller reductions in poverty from 2005 to 2010. Our poverty …
Persistent link: https://www.econbiz.de/10009707597
Undoubtedly, poverty reduction has become a front-burner issue in development and business agenda. Since its announcement and defense by its advocates as a potent weapon against poverty, the Bottom of the Pyramid (BoP) concept has been bedeviled by controversies. A major controversy is whether...
Persistent link: https://www.econbiz.de/10009793754
Since the late 1970s, the price indices underlying the poverty lines in India have been updated using aggregate indices … higher levels of poverty in eastern India, and generally, smaller reductions in poverty from 2005 to 2010. Our poverty …
Persistent link: https://www.econbiz.de/10013086396
, perplexing in the face of rising per capita income when malnutrition is rampant, has been termed India's Calorie Consumption … India's National Sample Survey reveals that Indian households' purchase of calories did become more cost-efficient at every … of the Calorie Consumption Puzzle. Besides thus investigating India's Calorie Consumption Puzzle, this study demonstrates …
Persistent link: https://www.econbiz.de/10012822466
, perplexing in the face of rising per capita income when malnutrition is rampant, has been termed India's Calorie Consumption … India's National Sample Survey reveals that Indian households' purchase of calories did become more cost-efficient at every … of the Calorie Consumption Puzzle. Besides thus investigating India's Calorie Consumption Puzzle, this study demonstrates …
Persistent link: https://www.econbiz.de/10012293706