The relative income hypothesis

Despite its theoretical dominance, the empirical case in favor of the permanent income hypothesis is weak. Contrary to one of its basic implications, a growing body of evidence suggests that rich households save a higher proportion of their permanent income than poor households. We propose an overla...

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Bibliographic details
Volume: 35
Main Author: Alvarez-Cuadrado, Francisco
Van Long, Ngo
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Elsevier B.V 2011
Elsevier
published in: Journal of economic dynamics & control Vol. 35; no. 9; pp. 1489 - 1501
Data of publication: 2011
ISSN: 0165-1889
1879-1743
EISSN: 1879-1743
Discipline: Economics
Series: Journal of Economic Dynamics and Control
Subjects:
D62
E21
H21
Online Access: available in Bonn?
Database: RePEc
RePEc IDEAS
CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS