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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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Diversification and Its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social Status
TL;DR: In this paper, the authors model the desire to "get ahead of the Joneses" as a function of social status concerns and show that risk aversion to idiosyncratic risk is lower than aversion to aggregate risk.
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Expanding the Behavioral Foundations of Labor Economics
TL;DR: In this article, the authors examine, critique, and suggest modifications to the psychological assumptions of the rational choice model of the human agent that underlies much of the theoretical work in modern, neoclassical labor economics.
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The slippery slope framework on tax compliance: An attempt to formalization
TL;DR: In this paper, the authors formalized the so-called "slippery slope" framework by assuming two groups of taxpayers: compliance-minded and evasion-minded persons, and defined reaction functions for persons of both groups with respect to coercive and persuasive power instruments of tax authorities.
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Ten Years of Consumer Attitude Surveys: Their Forecasting Record
TL;DR: In this paper, the authors used the Survey Research Center Index of Consumer Attitudes (SRCA) to predict discretionary spending by consumers and found that attitudes contribute significantly to account for fluctuations in durable goods spending, particularly spending on new cars, after allowance is made for changes in the financial situation of consumers.
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Grouping Euroconsumers: A Culture-Based Clustering Approach:
TL;DR: The move toward European integration entails significant adjustments in a firm's marketing strategy as discussed by the authors, despite the dismantling of legislative barriers, cultural milieu of the various member nations w.r.t.