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Income, Saving, and the Theory of Consumer Behavior
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The article was published on 1949-01-01 and is currently open access. It has received 2738 citations till now. The article focuses on the topics: Permanent income hypothesis & Marginal propensity to save.read more
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The Effects of Wealth and Income on Subjective Well‐Being and Ill‐Being*
Bruce Headey,Mark Wooden +1 more
TL;DR: Using data drawn from the 2002 wave of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, this article showed that wealth, which can be viewed as providing a degree of economic security, is at least as important to well-being and ill-being as income.
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Happiness And Health: Lessons—And Questions—For Public Policy
TL;DR: The happiness-health relationship from an economics perspective is reviewed, highlighting the role of adaptation and how happiness surveys can-and cannot-inform public health policy.
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Empirical tests of status consumption: Evidence from women's cosmetics
Angela Chao,Juliet B. Schor +1 more
TL;DR: In this paper, the authors investigate brand buying patterns among four cosmetics product, and find, as hypothesized, that visible status goods have a lower price-quality correlation (i.e., a higher status premium) and that the pattern of brand buying favors higher-priced brands.
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The Theory of Taxation and Public Economics
Louis Kaplow,Louis Kaplow +1 more
TL;DR: This chapter discusses the development of Normative Criteria for Social Welfare Function and its applications in the context of social security and welfare.
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Materialism and conspicuous consumption in China: a cross-cultural examination
TL;DR: In this article, a cross-cultural study examines the rise of materialism and conspicuous consumption in post-revolution China and examines differences in these phenomena between young adult consumers, aged 18-35, living in urban China and the United States.