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A Theory Of The Consumption Function.
What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the co...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
San Francisco :
Golden Springs Publishing,
2016.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- TABLE OF CONTENTS; DEDICATION; PREFACE; LIST OF TABLES; LIST OF FIGURES; CHAPTER I-Introduction; CHAPTER II-The Implications of the Pure Theory of Consumer Behavior; 1. Complete Certainty; 2. The Effect of Uncertainty; a. THE INDIFFERENCE CURVE DIAGRAM; b. MOTIVES FOR HOLDING WEALTH; 3. The Relation between the Individual and the Aggregate Consumption Function; CHAPTER III-The Permanent Income Hypothesis; 1. The Interpretation of Data on the Income and Consumption of Consumer Units; 2. A Formal Statement of the Permanent Income Hypothesis.
- 3. The Relation between Measured Consumption and Measured IncomeCHAPTER IV-Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Budget Studies; 1. Temporal Changes in Inequality of Income; 2. Consumption-income Regressions for Different Dates and Groups; a. TEMPORAL DIFFERENCES; b. DIFFERENCES AMONG COUNTRIES; c. CONSUMPTION OF FARM AND NONFARM FAMILIES; d. OCCUPATIONAL CHARACTERISTICS OF FAMILIES; e. NEGRO AND WHITE FAMILIES; f. A DIGRESSION ON THE USE OF PARTIAL CORRELATION IN CONSUMPTION RESEARCH; 3. Savings and Age.
- 4. The Effect of Change in Incomea. THE FSA DATA; b. THE SURVEY OF CONSUMER FINANCES DATA; c. THE SIGNIFICANCE OF THE COMPARISONS; Appendix to Section 4-The Effect of Change in Income on the Regression of Consumption on Income; CHAPTER V-Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Time Series Data; 1. Recent Long-period Estimates of Aggregate Savings for the United States; a. THEIR GENERAL PATTERN; b. THE CONSTANCY OF k*; 2. Regressions of Consumption on Current Income; a. EFFECT OF PERIOD COVERED.
- B. EFFECT OF FORM OF DATAc. THE RELATION BETWEEN TIME SERIES AND BUDGET ELASTICITIES; 3. Regressions of Consumption on Current and Past Income; a. FUNCTIONS BY MODIGLIANI, DUESENBERRY, AND MACK; b. ALTERNATIVE FUNCTIONS FITTED TO DATA FOR A LONG PERIOD; Appendix to Section 3-Effect on Multiple Correlation of Common Errors in Measured Consumption and Current Income; CHAPTER VI-The Relation Between the Permanent Income and Relative Income Hypotheses; 1. Relative Income Status Measured by Ratio of Measured Income to Average Income.
- 2. Relative Income Status Measured by Percentile Position in the Income Distribution3. The Basis for the Relative Income Hypothesis; 4. The Relative versus the Absolute Income Hypotheses; a. CONTINUOUS BUDGET DATA; b. GEOGRAPHICAL BUDGET COMPARISONS; c. SUMMARY EVALUATION OF EVIDENCE; CHAPTER VII-Evidence from Income Data on the Relative Importance of Permanent and Transitory Components of Income; 1. A Method of Estimating Py; 2. Empirical Evidence on Py; 3. Comparison of Estimates of Py with Estimated Income Elasticity of Consumption.