The Normal Income Hypothesis in Chile
作者:
RogerR. Betancourt,
期刊:
Journal of the American Statistical Association
(Taylor Available online 1971)
卷期:
Volume 66,
issue 334
页码: 258-263
ISSN:0162-1459
年代: 1971
DOI:10.1080/01621459.1971.10482250
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
This study attempts to discriminate between two of the main alternative explanations of consumption behavior, the normal income hypothesis and the current income hypothesis, with data from a survey of Chilean households. The results support the normal income hypothesis but reject the secondary hypothesis that the normal income elasticity of consumption is unity. A review of other results using comparable testing procedures and data is provided.
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