Essays about: "Niklas Amberg"
Found 1 essay containing the words Niklas Amberg.
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1. Income Inequality and Aggregate Saving
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : We suggest that the prevalence of social norms of minimum consumption can result in consumption behaviour that differs from that predicted by the permanent income/life cycle hypothesis. We model such social norms as a belief constraint in the intertemporal consumption decision and show that if the resulting threshold effect is present at low income levels, aggregate saving will increase as income becomes more equally distributed. READ MORE
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