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Does Public Income Induce More Consumption?

Fan, Elliot

Description

The Life-Cycle/Permanent Income Hypothesis predicts that income uncertainty reduces an individual's incentive to consume, while holding permanent income level constant. This implies that switching from a relatively unstable form of income to a stable one

CollectionsANU Research Publications
Date published: 2010
Type: Journal article
URI: http://hdl.handle.net/1885/61922
Source: The Economic Record
DOI: 10.1111/j.1475-4932.2009.00591.x

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