A common behavioral assumption of micro-economic theory is that income is fungible. Using household panel data from rural China and Tanzania, this study finds however that people are more likely to spend unearned income on less basic consumption goods such as alcohol and tobacco, non-staple food, transportation and communication, and clothing, while they are somewhat more likely to spend earned income on basic consumption goods such as staple food...
انظر المزيد
تفاصيل
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2012/12/01
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ورقة عمل خاصة ببحوث السياسات
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WPS6298
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1
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1
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2012/12/01
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Disclosed
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On the fungibility of spending and earnings -- evidence from rural China and Tanzania
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unearned income