Author: Joseph P. DeJuan
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Friedman's Permanent Income Hypothesis (PIH) predicts that the income elasticity of consumption should be higher for households for which a large fraction of the variation of their income is permanent than for households facing more transitory variations in income. We test this prediction using modern household data from the US Consumer Expenditure Survey. The results offer some support for the PIH.
A Simple Test of Friedman's Permanent Income Hypothesis
Author: Joseph P. DeJuan
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Friedman's Permanent Income Hypothesis (PIH) predicts that the income elasticity of consumption should be higher for households for which a large fraction of the variation of their income is permanent than for households facing more transitory variations in income. We test this prediction using modern household data from the US Consumer Expenditure Survey. The results offer some support for the PIH.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Friedman's Permanent Income Hypothesis (PIH) predicts that the income elasticity of consumption should be higher for households for which a large fraction of the variation of their income is permanent than for households facing more transitory variations in income. We test this prediction using modern household data from the US Consumer Expenditure Survey. The results offer some support for the PIH.
Weekly Weather and Crop Bulletin
Testing the Cross-section Implications of Friedman's Permanent Income Hypothesis
Testing the Permanent Income Hypothesis with Classification Methods
Author: Joseph P. DeJuan
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We use modern cross-sectional data and methods to conduct Friedman's (1957) classification tests of the Permanent Income Hypothesis. Our data are much superior to those available to Friedman and allow us to perform tests Friedman could not do. Some of our tests also benefit from econometric advances since Friedman published. The tests use different identifying restrictions than either Euler equation or consumption function tests, thus complementing those tests and adding considerable robustness to tests of the PIH. The results provide overall but not universal support for the PIH.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We use modern cross-sectional data and methods to conduct Friedman's (1957) classification tests of the Permanent Income Hypothesis. Our data are much superior to those available to Friedman and allow us to perform tests Friedman could not do. Some of our tests also benefit from econometric advances since Friedman published. The tests use different identifying restrictions than either Euler equation or consumption function tests, thus complementing those tests and adding considerable robustness to tests of the PIH. The results provide overall but not universal support for the PIH.
An Investigation of Milton Friedman's Permanent Income Hypothesis
The Permanent Income Hypothesis
Author: Eram Hashim
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 150
Book Description
Examines and tests a new version of economist Milton Friedman's permanent income hypothesis (PIH). Uses Ordinary Least Squares (OLS) to estimate a variation of Friedman's hypothesis based on data from a specific time period, 1968-1984. Introduces a new way of calculating permanent income.
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 150
Book Description
Examines and tests a new version of economist Milton Friedman's permanent income hypothesis (PIH). Uses Ordinary Least Squares (OLS) to estimate a variation of Friedman's hypothesis based on data from a specific time period, 1968-1984. Introduces a new way of calculating permanent income.
Permanent Income, Wealth, and Consumption
Author: Thomas Mayer
Publisher: Univ of California Press
ISBN: 9780520021037
Category : Business & Economics
Languages : en
Pages : 440
Book Description
Publisher: Univ of California Press
ISBN: 9780520021037
Category : Business & Economics
Languages : en
Pages : 440
Book Description
Income from Independent Professional Practice
Author: Milton Friedman
Publisher: New York : National Bureau of Economic Research
ISBN:
Category : Business & Economics
Languages : en
Pages : 648
Book Description
A description of the income structure of the professions of medicine, dentistry, law, accounting, and engineering during 1929-36.
Publisher: New York : National Bureau of Economic Research
ISBN:
Category : Business & Economics
Languages : en
Pages : 648
Book Description
A description of the income structure of the professions of medicine, dentistry, law, accounting, and engineering during 1929-36.
The Rate of Interest: Its Nature, Determination and Relation to Economic Phenomena
Author: Irving Fisher
Publisher:
ISBN:
Category : Capital
Languages : en
Pages : 482
Book Description
Publisher:
ISBN:
Category : Capital
Languages : en
Pages : 482
Book Description