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Synopsis
In The Limits of Choice, Sahra Wagenknecht examines household saving decisions and basic needs in Germany and the United States, based on official data from both countries from the 1950s to present day. Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based exclusively on their permanent or lifetime income, Wagenknecht proposes a rule of thumb according to which consumers will save if their current income exceeds basic expenditure, while they will demand credit when income can no longer meet basic needs.
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About the Author
Sahra Wagenknecht is a German politician.
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The Limits of Choice: Saving Decisions and Basic Needs in Developed Countries
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Limits of Choice : Saving Decisions and Basic Needs in Developed Countries
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The Limits of Choice Format: Paperback
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University of Chicago press, 2013
ISBN 10: 3593399164
ISBN 13: 9783593399164
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The Limits of Choice
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Limits of Choice : Saving Decisions and Basic Needs in Developed Countries
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The Limits of Choice Saving Decisions and Basic Needs in Developed Countries
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Paperback. Condition: Brand New. illustrated edition. 327 pages. 8.50x5.50x0.75 inches. In Stock. Seller Inventory # __3593399164
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Limits of Choice : Saving Decisions and Basic Needs in Developed Countries
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The Limits of Choice: Saving Decisions and Basic Needs in Developed Countries Wagenknecht, Sahra
Published by
Campus Verlag, 2013
ISBN 10: 3593399164
ISBN 13: 9783593399164
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Paperback Oct 02, 2013
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The Limits of Choice : Saving Decisions and Basic Needs in Developed Countries
Seller: AHA-BUCH GmbH, Einbeck, Germany
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Taschenbuch. Condition: Neu. Neuware - Wann und warum sparen private Haushalte Sahra Wagenknecht untersucht in ihrer Dissertation den Zusammenhang von Sparentscheidungen und Grundbedürfnissen in Deutschland und den USA von den 1950er-Jahren bis heute. Ihre zentrale Hypothese lautet, dass der Einkommensanteil der Ausgaben zur Befriedigung von Grundbedürfnissen die entscheidende Erklärungsvariable des individuellen Sparverhaltens darstellt. In Abgrenzung zur Lebenszyklus- bzw. Permanenten Einkommenshypothese (LCPIH) kann Wagenknecht zeigen, dass die individuelle Sparquote entscheidend vom langfristigen Einkommen abhängt. Die Arbeit weist für einen Zeitraum von über 50 Jahren nach, dass sich auch auf volkswirtschaftlicher Ebene die Veränderung der privaten Sparquote durch den 'necessity share' erklären lässt. Das vorgelegte Modell liefert zudem eine Erklärung, weshalb die private Sparquote bei steigender Einkommensungleichheit in Volkswirtschaften mit dereguliertem Kreditmarkt sinkt, während sie bei restriktiven Kreditmärkten steigt. Seller Inventory # 9783593399164
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Limits of Choice : Saving Decisions and Basic Needs in Developed Countries
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