An Empirical Investigation of Consumption Function under Relative Income Hypothesis: Evidence from Farm Households in Northern Pakistan
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Erzo F. P. Luttmer, 2005.
"Neighbors as Negatives: Relative Earnings and Well-Being,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(3), pages 963-1002.
- Luttmer, Erzo F. P., 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," Working Paper Series rwp04-029, Harvard University, John F. Kennedy School of Government.
- Erzo F.P. Luttmer, 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," NBER Working Papers 10667, National Bureau of Economic Research, Inc.
- Thomas I. Palley, 2008. "The Relative Income Theory of Consumption: A Synthetic Keynes-Duesenberry-Friedman Model," Working Papers wp170, Political Economy Research Institute, University of Massachusetts at Amherst.
- Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
- Alpizar, Francisco & Carlsson, Fredrik & Johansson-Stenman, Olof, 2005.
"How much do we care about absolute versus relative income and consumption?,"
Journal of Economic Behavior & Organization, Elsevier, vol. 56(3), pages 405-421, March.
- Alpizar, Francisco & Carlsson, Fredrik & Johansson-Stenman, Olof, 2001. "How Much Do We Care About Absolute Versus Relative Income and Consumption?," Working Papers in Economics 63, University of Gothenburg, Department of Economics.
- Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
- Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Tazeb Bisset & Dagmawe Tenaw, 2022. "Keeping up with the Joneses: macro-evidence on the relevance of Duesenberry’s relative income hypothesis in Ethiopia," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 24(2), pages 549-564, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Alvarez-Cuadrado, Francisco & Van Long, Ngo, 2011.
"The relative income hypothesis,"
Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1489-1501, September.
- Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "The Relative Income Hypothesis," CIRANO Working Papers 2008s-18, CIRANO.
- Michalis Nikiforos, 2015. "A Nonbehavioral Theory of Saving," Economics Working Paper Archive wp_844, Levy Economics Institute.
- Cai, Shu & Park, Albert, 2016.
"Permanent income and subjective well-being,"
Journal of Economic Behavior & Organization, Elsevier, vol. 130(C), pages 298-319.
- Albert Park & Shu Cai, 2015. "Permanent Income and Subjective Well-Being," HKUST IEMS Working Paper Series 2015-08, HKUST Institute for Emerging Market Studies, revised Feb 2015.
- Thomas Carver & Arthur Grimes, 2019.
"Income or Consumption: Which Better Predicts Subjective Well‐Being?,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 65(S1), pages 256-280, November.
- Thomas Carver & Arthur Grimes, 2016. "Income or Consumption: Which Better Predicts Subjective Wellbeing?," Working Papers 16_12, Motu Economic and Public Policy Research.
- Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "A Permanent Income Version of the Relative Income Hypothesis," CESifo Working Paper Series 2361, CESifo.
- Ünay Tamgaç Tezcan, 2016. "Reference Groups And Household Consumption: Evidence From Turkey," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 5(1), pages 71-107, January.
- Yamada, Katsunori & Sato, Masayuki, 2013.
"Another avenue for anatomy of income comparisons: Evidence from hypothetical choice experiments,"
Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 35-57.
- Katsunori Yamada & Masayuki Sato, 2010. "Another Avenue for Anatomy of Income Comparisons: Evidence from Hypothetical Choice Experiments," ISER Discussion Paper 0795, Institute of Social and Economic Research, Osaka University, revised Mar 2013.
- Iheonu O Chimere & Tochukwu Nwachukwu, 2020.
"Macroeconomic determinants of household consumption in selected West African countries,"
Economics Bulletin, AccessEcon, vol. 40(2), pages 1596-1606.
- Chimere O. Iheonu & Tochukwu Nwachukwu, 2020. "Macroeconomic determinants of Household Consumption in selected West African Countries," Research Africa Network Working Papers 20/031, Research Africa Network (RAN).
- Chimere O. Iheonu & Tochukwu Nwachukwu, 2020. "Macroeconomic determinants of Household Consumption in selected West African Countries," Working Papers of the African Governance and Development Institute. 20/031, African Governance and Development Institute..
- Chimere O. Iheonu & Tochukwu Nwachukwu, 2020. "Macroeconomic determinants of Household Consumption in selected West African Countries," Working Papers 20/031, European Xtramile Centre of African Studies (EXCAS).
- repec:spo:wpmain:info:hdl:2441/vbu6kd1s68o6r34k5bcm3iopv is not listed on IDEAS
- Thomas Aronsson & Olof Johansson-Stenman, 2014.
"When Samuelson Met Veblen Abroad: National and Global Public Good Provision when Social Comparisons Matter,"
Economica, London School of Economics and Political Science, vol. 81(322), pages 224-243, April.
- Aronsson, Thomas & Johansson-Stenman, Olof, 2012. "When Samuelson met Veblen abroad: National and global public good provision when social comparisons matter," Working Papers in Economics 538, University of Gothenburg, Department of Economics.
- Aronsson, Thomas & Johansson-Stenman, Olof, 2012. "When Samuelson Met Veblen Abroad: National and Global Public Good Provision when Social Comparisons Matter," Umeå Economic Studies 843, Umeå University, Department of Economics.
- Thomas Aronsson & Sugata Ghosh & Ronald Wendner, 2023.
"Positional preferences and efficiency in a dynamic economy,"
Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 61(2), pages 311-337, August.
- Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2020. "Positional Preferences and Efficiency in a Dynamic Economy," MPRA Paper 108333, University Library of Munich, Germany.
- Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2021. "Positional Preferences and Efficiency in a Dynamic Economy," MPRA Paper 108335, University Library of Munich, Germany.
- Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2020. "Positional Preferences and Efficiency in a Dynamic Economy," MPRA Paper 98425, University Library of Munich, Germany.
- Thomas Aronsson & Sugata Ghosh & Ronald Wendner, 2020. "Positional Preferences and Efficiency in a Dynamic Economy," Graz Economics Papers 2020-01, University of Graz, Department of Economics.
- Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2020. "Positional Preferences and Efficiency in a Dynamic Economy," Umeå Economic Studies 969, Umeå University, Department of Economics.
- Thomas Aronsson & Sugata Ghosh & Ronald Wendner, 2021. "Positional Preferences and Efficiency in a Dynamic Economy," Graz Economics Papers 2021-07, University of Graz, Department of Economics.
- Fredrik Carlsson & Olof Johansson‐Stenman & Peter Martinsson, 2007.
"Do You Enjoy Having More than Others? Survey Evidence of Positional Goods,"
Economica, London School of Economics and Political Science, vol. 74(296), pages 586-598, November.
- Carlsson, Fredrik & Johansson-Stenman, Olof & Martinsson, Peter, 2003. "Do You Enjoy Having More Than Others? Survey Evidence of Positional Goods," Working Papers in Economics 100, University of Gothenburg, Department of Economics.
- Akay, Alpaslan & Martinsson, Peter, 2011.
"Does relative income matter for the very poor? Evidence from rural Ethiopia,"
Economics Letters, Elsevier, vol. 110(3), pages 213-215, March.
- Akay, Alpaslan & Martinsson, Peter, 2008. "Does Relative Income Matter for the Very Poor? Evidence from Rural Ethiopia," RFF Working Paper Series dp-08-31-efd, Resources for the Future.
- Akay, Alpaslan & Martinsson, Peter, 2010. "Does relative income matter for the very poor? - Evidence from rural Ethiopia," Working Papers in Economics 475, University of Gothenburg, Department of Economics.
- Akay, Alpaslan & Martinsson, Peter, 2008. "Does Relative Income Matter for the Very Poor? Evidence from Rural Ethiopia," IZA Discussion Papers 3812, Institute of Labor Economics (IZA).
- Hajdu, Tamás & Hajdu, Gábor, 2011. "A hasznosság és a relatív jövedelem kapcsolatának vizsgálata magyar adatok segítségével [Examining the relation of utility and relative income using Hungarian data]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 56-73.
- Mary C. Daly & Daniel J. Wilson & Norman J. Johnson, 2013.
"Relative Status and Well-Being: Evidence from U.S. Suicide Deaths,"
The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1480-1500, December.
- Mary C. Daly & Norman J. Johnson & Daniel J. Wilson, 2007. "Relative status and well-being: evidence from U.S. suicide deaths," Working Paper Series 2007-12, Federal Reserve Bank of San Francisco.
- Mary C. Daly & Norman J. Johnson & Daniel J. Wilson, 2012. "Relative status and well-being: evidence from U.S. suicide deaths," Working Paper Series 2012-16, Federal Reserve Bank of San Francisco.
- Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2006.
"The Power of Positional Concerns: A Panel Analysis,"
CREMA Working Paper Series
2006-19, Center for Research in Economics, Management and the Arts (CREMA).
- Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2007. "The Power of Positional Concerns: A Panel Analysis," NCER Working Paper Series 11, National Centre for Econometric Research.
- Torgler, Benno & Schmidt, Sascha L & Frey, Bruno S., 2006. "The Power of Positional Concerns: A Panel Analysis," Berkeley Olin Program in Law & Economics, Working Paper Series qt1z14v7zt, Berkeley Olin Program in Law & Economics.
- Andrew E. Clark & Claudia Senik, 2010.
"Will GDP growth increase happiness in developing countries?,"
PSE Working Papers
halshs-00564985, HAL.
- Andrew E. Clark & Claudia Senik, 2010. "Will GDP growth increase happiness in developing countries?," Working Papers halshs-00564985, HAL.
- Andrew E. Clark & Claudia Senik, 2010. "Will GDP Growth Increase Happiness in Developing Countries?," Post-Print halshs-00654707, HAL.
- Clark, Andrew E. & Senik, Claudia, 2010. "Will GDP Growth Increase Happiness in Developing Countries?," CEPREMAP Working Papers (Docweb) 1024, CEPREMAP.
- Clark, Andrew E. & Senik, Claudia, 2011. "Will GDP Growth Increase Happiness in Developing Countries?," IZA Discussion Papers 5595, Institute of Labor Economics (IZA).
- Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "Positional preferences in time and space: Optimal income taxation with dynamic social comparisons," Journal of Economic Behavior & Organization, Elsevier, vol. 101(C), pages 1-23.
- Ozlem Albayrak, 2020. "Household Consumption, Household Indebtedness, and Inequality in Turkey: A Microeconometric Analysis," Economics Working Paper Archive wp_954, Levy Economics Institute.
- Schulz, Jan & Mayerhoffer, Daniel M., 2021.
"A network approach to consumption,"
BERG Working Paper Series
173, Bamberg University, Bamberg Economic Research Group.
- Jan Schulz & Daniel M. Mayerhoffer, 2022. "A Network Approach to Consumption," Papers 2203.14259, arXiv.org, revised Apr 2022.
- Francisco Alvarez‐Cuadrado & Mayssun El‐Attar Vilalta, 2018.
"Income Inequality and Saving,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 80(6), pages 1029-1061, December.
- Alvarez-Cuadrado, Francisco & El-Attar, Mayssun, 2012. "Income Inequality and Saving," IZA Discussion Papers 7083, Institute of Labor Economics (IZA).
More about this item
Keywords
NA; Consumption function; relative income hypothesis; farm households; Pakistan;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnljes:v:2014:y:2014:i:2:id:12:p:43-52. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.