Essays about: "Relative income hypothesis of consumption"

Found 1 essay containing the words Relative income hypothesis of consumption.

  1. 1. Income Inequality and Household Debt : A panel data study of 17 OECD-countries from 1995-2015

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Niclas Hvalgren; Linnea Englund Davidsson; [2018]
    Keywords : Household debt; Income inequality; Reference consumption; Relative income hypothesis of consumption; Panel data analysis; OECD; Advanced economies;

    Abstract : This study explores the relationship between income inequality and household indebtedness using panel data on 17 OECD-countries over the time period 1995-2015. Motivated by relative income theory of consumption and previous empirical research we anticipate a non-monotonic relationship between changes in household debt and income inequality (measured by the Gini- coefficient), as dynamics between different groups of households in the income spread is expected to vary at different levels of inequality. READ MORE