Limits of choice, the: saving decisions and basic needs in developed countries
Auteur :
Wagenknecht, Sahra
Éditeur :
Campus Verlag
ISBN :
9783593399164
Date de publication :
3 déc. 2013
Dimensions :
2,1 x 1,5 x 0,2 cm
Poids :
425 g
Langue :
Anglais
Pays d'origine :
Allemagne
Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based on their permanent or lifetime income, this title proposes a rule of thumb according to which consumers can save if their income exceeds basic expenditure, while they can demand credit when income can no longer meet basic needs.