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El consumo, ingreso y ahorro del Venezolano: un primer análisis descriptivo de la V República
[Venezuelan's consumption, incomes and savning: a first descriptive analysis of the V Republic]

Author

Listed:
  • Acevedo Rueda, Rafael Alexis
  • Sanchez, Yasmin

Abstract

In January 1999, Hugo Chavez was sworn like the president of the Republic of Venezuela. In the late 1999 was approved the Bolivarian Constitution and was the beginning of the V Republic. Currently, after 14 years, Venezuela is governed by his politic party. This article starts a research work to know about the Venezuelan’s preferences of consumption as well as the possible causes that diminishes his saving and how distributes his income. The paper shows a descriptive analysis of the variables researched, was made a survey to obtain data about preferences and distribution of the income. It was used a non-probabilistic modal and intentional sample. The survey is a pilot and the final results will be shown in a future article. Finally, the main conclusion of this paper is that inflation ad scarce goods could be, currently, the most important determinants of consumption and depressants of saving in Venezuela.

Suggested Citation

  • Acevedo Rueda, Rafael Alexis & Sanchez, Yasmin, 2013. "El consumo, ingreso y ahorro del Venezolano: un primer análisis descriptivo de la V República [Venezuelan's consumption, incomes and savning: a first descriptive analysis of the V Republic]," MPRA Paper 58211, University Library of Munich, Germany, revised 2014.
    • Handle: RePEc:pra:mprapa:58211
    as

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    File URL: https://mpra.ub.uni-muenchen.de/63191/1/MPRA_paper_58211.pdf
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    References listed on IDEAS

    as
    1. Acevedo Rueda, Rafael Alexis & Mora Mora, José U., 2008. "Factores socio-político y judiciales como determinantes de la inversión privada en Latinoamérica [Social-Political and Judicial Factors as Determinants of Private Investment in Latin America]," MPRA Paper 58694, University Library of Munich, Germany, revised Apr 2008.
    2. Akerlof, George A, 1984. "Gift Exchange and Efficiency-Wage Theory: Four Views," American Economic Review, American Economic Association, vol. 74(2), pages 79-83, May.
    3. Daniel S. Hamermesh, 2002. "International Labor Economics," Journal of Labor Economics, University of Chicago Press, vol. 20(4), pages 709-732, October.
    4. Juan Dolado & Francis Kramarz & Steven Machin & Alan Manning & David Margolis & Coen Teulings, 1996. "The Economic Impact of Minimum Wages in Europe," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00353896, HAL.
    5. Sara lemos, 2004. "The Effects of the Minimum Wage on Wages, Employment and Prices," Discussion Papers in Economics 04/10, Division of Economics, School of Business, University of Leicester.
    6. George A. Akerlof, 1982. "Labor Contracts as Partial Gift Exchange," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(4), pages 543-569.
    7. Freeman, Richard B, 1996. "The Minimum Wage as a Redistributive Tool," Economic Journal, Royal Economic Society, vol. 106(436), pages 639-649, May.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Consumption; Saving; Income; Venezuela; V Republic;
    All these keywords.

    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D10 - Microeconomics - - Household Behavior - - - General
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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