INCOME UNCERTAINTY, CONSUMER DURABLES INVESTMENTS, AND HOME PRODUCTION: EVIDENCE FROM CHINA

We investigate the effect of uncertainty on home durable purchase decisions, and empirically evaluate the efficacy of consumer durable policies under uncertainty. A model of lumpy home capital adjustment shows that elevated uncertainty leads households to adopt a cautionary perspective and postpone...

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Veröffentlicht in:	Contemporary economic policy 2019-04, Vol.37 (2), p.312
Hauptverfasser:	Wang, Yabin, Xue, Yuhan
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting and auditing Case studies Consumer behavior Consumer behaviour Durable goods Government regulation Influence Laws, regulations and rules Personal income Purchasing Tax refunds Uncertainty
Online-Zugang:	Volltext
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