The life cycle hypothesis (LCH) is an alternative to earlier macroeconomic theories of savings and consumption, such as Keynes’ absolute income hypothesis, Duesenberry’s theory of relative income, or Fisher’s theory of intertemporal choice (cf. Table1). It assumes that savings and consumption d...
Life-Cycle Savings and Consumption Constraints - BÖRSCH-SUPAN, STAHL - 1991Borsch-Supan, A. and Stahl, K. 1992. Life Cycle Savings and Consumption Constraints: Theory, Empirical Evidence, and Fiscal Implications. In: Bos, D. and Cnossen, S. (eds.). Fiscal implications of an aging ...
(Yadav and Pathak, 2016), (Sopha et al., 2017), and (Sopha and Kloeckner, 2016), have used TPB theory to explore individuals' pro-environmental behavior, such as green purchasing behavior, households' energy saving behavior, energy efficiency investments, and other sustainable consumption ...
A savings rate is determined by the degree of time preference either for an individual or as an average across a group of people. Time preference is the degree to which a person or group of people prefers current versus future consumption. The more someone prefers to consume goods and service...
and DEFRIS, L.A., "The roles of inflation and consumer sentiment in explaining Australian consumption and savings patterns", Journal of Economic Psychology... RA Williams,LV Defris - 《Journal of Economic Psychology》 被引量: 22发表: 1981年 ...
Life cycle savings and consumption constraints Recent tests of both the pure and the extended life cycle hypothesis have generated inconclusive results on the life cycle behavior of the elderly. We exte... Axel Brsch-Supan,K Stahl - 《Journal of Population Economics》 被引量: 229发表: 1991年...
According to (3), player i's optimal PLS also depends on Ii1, Ii2, and βi. Contrasting with Case 1, player i's PLS in Case 2 not only serves as her best response in the contest, but also help smooth consumption when SS is not an attractive option. If Ii1 is smaller than the...
The economy-wide impact of controlling energy consumption in Indonesia: An analysis using a Social Accounting Matrix framework Escalating oil prices and the need to control carbon emissions sound the alarm for Indonesia to reduce or be more efficient in its energy use. Instead of e... D Hartono...
Suppose you made 10% more each year and saved 70% of that increase. Your savings rate would gradually converge toward 70%, even as you spent 3% more on consumption each year. In this way, higher growth supports higher consumption and higher savings rates. ...
“Asians financed cheap consumption in the rest of the world, this is what they say. This is something I just cannot understand,” Supachai Panitchpakdi, the head of the United Nations Conference on Trade and Development, and a former Thai government official, told a conference Friday. “Thi...