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The Internal Structure of U. S. Consumption Expenditures (Paperback, Softcover reprint of the original 1st ed. 2014)
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The Internal Structure of U. S. Consumption Expenditures (Paperback, Softcover reprint of the original 1st ed. 2014)
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Usually, when we consider the information that is given in a
household budget survey, we do so in terms of expenditures for
different goods and services and how these relate to income,
prices, and socio demographic factors such as age, family size, and
education. Allocation of expenditures amongst different categories
of consumption is seen as being determined by tastes and
preferences acting in conjunction with a constraint imposed by
prices and income. The parameters thus obtained are obviously
useful in analyzing the impact on consumption resulting from
changes in income and prices (should the latter be available), but
income and price elasticities, in themselves, say little about the
internal structure of consumption spending. How expenditures for
housing, transportation, and personal care to pick three standard
categories of consumption spending - are related to expenditures
for food, for example, has never been a direct focus of empirical
study. This book focuses on these relationships and provides
insight into consumer behavior that complements and goes beyond
that given by conventional price and income elasticities, making it
of interest to students as well as economists in both government
and academia concerned with consumer behavior.
General
Imprint: |
Springer International Publishing AG
|
Country of origin: |
Switzerland |
Release date: |
August 2016 |
First published: |
2014 |
Authors: |
Lester D. Taylor
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Dimensions: |
235 x 155 x 11mm (L x W x T) |
Format: |
Paperback
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Pages: |
198 |
Edition: |
Softcover reprint of the original 1st ed. 2014 |
ISBN-13: |
978-3-319-34650-2 |
Categories: |
Books >
Business & Economics >
Economics >
Macroeconomics >
General
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LSN: |
3-319-34650-4 |
Barcode: |
9783319346502 |
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