Download or read book An Analysis of U S Postwar Consumption and Saving written by and published by . This book was released on 1988 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book And analysis of U S postwar consumption and saving written by Michael J. Boskin and published by . This book was released on 1988 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Postwar U S Consumption and Saving written by Michael J. Boskin and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Postwar US Consumption and Saving written by Michael J. Boskin and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of U S Postwar Consumption and Saving written by Michael J. Boskin and published by . This book was released on 1988 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Det f rskr ckliga verldsbekanta blodbadet i Serbien hvarvid drottining Draga Maschin samt kungen och n stan alla ministrarna inom 2 timmar blefvo huggna och nedskjutna af landets egna milit rer written by and published by . This book was released on 1904 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Postwar U S Consumption and Saving written by Michael J. Boskin and published by . This book was released on 1988 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of U S Postwar Consumption and Saving written by and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Postwar U S Consumption and Saving written by Michael J. Boskin and published by . This book was released on 1988 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Postwar U S Consumption and Saving written by Michael J. Boskin and published by . This book was released on 1988 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new empirical analysis of aggregate United States consumption and saving for the period 1947-80 is presented. The model is based on the theory of exact aggregation. It recognizes explicitly that households with different characteristics may be heterogeneous in their behavior and that aggregate behavior may depend on the changing composition of households by characteristics and therefore may not be adequately portrayed by a representative consumer, but otherwise it imposes minimal assumptions on household behavior. The model integrates longitudinal and cross-sectional microeconomic data on household characteristics with the traditional aggregate time-series data. Various hypotheses on consumption, such as age independence, proportionality to wealth, and price independence, are tested and rejected. Strong evidence of relative price effects and a systematic variation of aggregate consumption with changing age distribution of wealth in the economy is found. Especially important is the substantial estimated difference in the shares of wealth consumed between households headed by persons born prior to and those born after 1939. One important lesson from this study is that modeling the aggregate U. S. economy as a representative consumer may give rise to misleading results.
Download or read book An analysis of postwar U S consumption ans saving written by Michael J. Boskin and published by . This book was released on 1988 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding the Postwar Decline in U S Saving written by Jagadeesh Gokhale and published by . This book was released on 1996 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1980, the U.S. net national saving rate has averaged less than half the rate observed in the 1950s and 60s. This paper develops a unique cohort data set to study the decline in U.S. national saving. It decomposes postwar changes in U.S. saving into those due to changes in cohort-specific consumption propensities, those due to changes in the intergenerational distribution of resources, those due to changes in government spending on goods and services, and those due to changes in demographics. Our findings are striking. The decline in U.S. saving can be traced to two factors: The redistribution of resources from young and unborn generations with low or zero propensities to consume toward older generations with high consumption propensities, and a significant increase in the consumption propensities of older Americans. Most of the redistribution to the elderly reflects the growth in Social Security, Medicare, and Medicaid benefits. The increase in the elderly's consumption propensities may also reflect government policy, namely the fact that Social Security, Medicare, and Medicaid benefits are paid in the form of annuities and that, in the case of Medicare and Medicaid, the annuities are in-kind and must, therefore, be consumed.
Download or read book An Analysis of Postwar Consumption and Saving written by Michael J. Boskin and published by . This book was released on 1988 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding Saving written by Fumio Hayashi and published by MIT Press. This book was released on 1997 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis of consumption and saving decisions by households has always been one of the most active areas of research in economics--and with good reason. Private consumption is the most important component of aggregate demand in a capitalist economy, and explaining consumption is the key element in most macroeconomic forecasting models. To evaluate the effect of government policies invariably requires the knowledge of how they change parameters relevant for household decision making. Understanding Saving collects eleven papers by economist Fumio Hayashi, along with two previously unpublished chapters, for a total of thirteen chapters. The monograph, which brings together Hayashi's empirical research on saving, is divided into three sections. Part I, "Liquidity Constraints", contains five studies that test the well-known implication of the Life Cycle-Permanent Income hypothesis that households shield consumption from income fluctuations. Part II, "Risk-Sharing and Altruism", contains three papers that examine the interactions between related and unrelated households predicted by the hypothesis for the US and Japanese households. The three papers in Part III, "Japanese Saving Behavior", present the author's explanation of the high saving rate in postwar Japan.
Download or read book An Analysis of Postwar Consumption and Saving written by Michael J. Boskin and published by . This book was released on 1988 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Consumers Republic written by Lizabeth Cohen and published by Vintage. This book was released on 2008-12-24 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this signal work of history, Bancroft Prize winner and Pulitzer Prize finalist Lizabeth Cohen shows how the pursuit of prosperity after World War II fueled our pervasive consumer mentality and transformed American life. Trumpeted as a means to promote the general welfare, mass consumption quickly outgrew its economic objectives and became synonymous with patriotism, social equality, and the American Dream. Material goods came to embody the promise of America, and the power of consumers to purchase everything from vacuum cleaners to convertibles gave rise to the power of citizens to purchase political influence and effect social change. Yet despite undeniable successes and unprecedented affluence, mass consumption also fostered economic inequality and the fracturing of society along gender, class, and racial lines. In charting the complex legacy of our “Consumers’ Republic” Lizabeth Cohen has written a bold, encompassing, and profoundly influential book.
Download or read book An Anlysis of U S Postwar Consumption and Saving written by Michael J. Boskin and published by . This book was released on 1988 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:
