The Effect of Unemployment on Consumption : An Experimental Analysis  

Oleh:

Carbone, Enrica ; Hey, John D.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 114 no. 497 (Jul. 2004), page 660-683.
Topik: consumption; unemployment; consumption
Fulltext: 660.pdf (145.32KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.14 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

This paper reports on an experiment that investigates the apparently robust phenomenon of over - sensitivity of consumption to current income. Using a particularly simple formulation, we also investigate whether individuals correctly respond to their employment status. We find that subjects over - react. Our data enables us to investigate where this over - sensitivity originates ; we conclude that economic agents differ in their ability to plan ahead and understand the dynamic process determining their employment status. However, agents seem able to respond appropriately to changes in the parameters governing their decision processes, in that the comparative static predictions of the theory are largely confirmed.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali