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Savings Propensities from Wage and Non-Wage Income

Authors: Murfin, A. J.; Murfin, A. J.;

Savings Propensities from Wage and Non-Wage Income

Abstract

In econometrics, the consumption function has been subjected to continual debate and respecification. This paper reinvestigates some aspects of the relation between incomes and consumption behaviour in the UK 1963 - 76, and, in particular, focuses on the study by Klein, Ball et al (1061) which attempts to take account of the role of income distribution. The questions of parameter stability and misspecification are considered in detail, and the conclusion is reached that a correct specification of the models presented in this paper has yet to be found.

Keywords

Agricultural and Food Policy, Financial Economics

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
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