Essays about: "Relative income hypothesis of consumption"
Found 1 essay containing the words Relative income hypothesis of consumption.
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1. Income Inequality and Household Debt : A panel data study of 17 OECD-countries from 1995-2015
University essay from Uppsala universitet/Nationalekonomiska institutionenAbstract : 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
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