Consumer Durables and (S, s) Policy: Evidence from Policy Data

Consumer Durables and (S, s) Policy: Evidence from Policy Data

Using Korean household data, this paper examines how consumption of durable goods is determined. Previous studies report that the standard Permanent Income Hypothesis (PIH), while being broadly consistent with non-durable goods consumption, provides little explanation for durable goods consumption....

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Bibliographic Details
Main Authors: Hong, Ki seok, Sohn, Eun seung
Format: Article
Language:English
Published: Korea Development Institute 2005-12-01
Series:KDI Journal of Economic Policy
Subjects:
내구재소비(Durable goods)
(S
s)모형((S
s) model
패널자료(panel data)
항상소득가설(permanent income hypothesis)
Online Access:https://doi.org/10.23895/kdijep.2005.27.2.123

Internet

https://doi.org/10.23895/kdijep.2005.27.2.123

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