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Author : Jeffrey M. Chwieroth,Andrew Walter
Publisher : Cambridge University Press
Page : 597 pages
File Size : 52,7 Mb
Release : 2019-03-21
Category : Business & Economics
ISBN : 9781107153745
Shows how the politics of banking crises has been transformed by the growing 'great expectations' among middle class voters that governments should protect their wealth.
Author : Christopher Anthony Andia
Publisher : Unknown
Page : 0 pages
File Size : 52,6 Mb
Release : 2017
Category : Economics
ISBN : OCLC:1430589402
In this paper, we examine the phenomenon known as the wealth effect and its impact on consumption. By using quarterly data from the United States economy, we investigate the impact of financial and housing wealth on consumption. With variable selection based on a paper by Matteo Iacoviello, and expanding the sample size by including the periods from the first quarter of 1952 to the last quarter of 2016, we found evidence that shows both financial wealth and housing wealth have an impact on consumption. Although the data specifically shows housing wealth had a higher impact, the final results seemed to be somewhat inconclusive because each method of integration had a slightly different outcome. In our basic model using the OLS method of integration consistently showed housing wealth had a larger impact on consumption, while the results of the ARDL and Co-integration estimates varied. These results are in agreement with some of the literature but do not include some of the micro economic variables that might have made the results more conclusive. Finally, we take a look at some of the implications of the wealth effect and how they go past just an increase in consumption.
Author : R. Tiff Macklem,Bank of Canada
Publisher : Unknown
Page : 67 pages
File Size : 51,9 Mb
Release : 1994
Category : Canada
ISBN : 0662225031
This report develops a measure of aggregate private sector wealth in Canada that includes financial, physical, and human wealth, and examines the ability of this wealth measure to explain aggregate consumption. The relationship between consumption and wealth is explored both to gauge the usefulness of the wealth measures developed and to improve upon empirical consumption models for Canada. The study augments the standard EC consumption model with a comprehensive measure of wealth, thus partly bridging the gap between life cycle-permanent income consumption equations and the more empirically motivated EC consumption models based on disposable income.
Author : Rakesh Kumar Patel
Publisher : Independently Published
Page : 0 pages
File Size : 41,6 Mb
Release : 2024-03-06
Category : Business & Economics
ISBN : 9798883956057
Unlock the secrets of financial abundance and discover the profound impact money has on every aspect of your life in "The Wealth Effect: Unveiling the Importance of Money in Your Life." This compelling guide delves into the intricate relationship between money and happiness, success, relationships, health, and overall well-being. Whether you're striving for financial independence, seeking to enhance your quality of life, or aiming to redefine your relationship with money, this book provides invaluable insights and actionable strategies to empower you on your journey to prosperity. In a world where money is both revered and reviled, its significance in our lives cannot be overstated. From the pursuit of material comforts to the fulfillment of our deepest desires, money permeates every aspect of our existence, shaping our aspirations, influencing our decisions, and defining our sense of worth. "The Wealth Effect: Unveiling the Importance of Money in Your Life" embarks on a transformative journey to illuminate the profound impact of money on our journey through life. With over 18 insightful chapters, this book offers a comprehensive exploration of the multifaceted relationship between money and human experience, guiding you toward a deeper understanding of wealth and its implications for personal fulfillment and societal well-being. Money isn't just a medium of exchange; it's a powerful symbol that carries immense psychological weight. In this chapter, we delve into the intricate dynamics of our relationship with money, exploring the subconscious beliefs, attitudes, and behaviors that shape our financial reality. From childhood experiences to societal influences, we uncover the origins of our money mindset and its profound implications for our financial health and overall well-being. Through illuminating anecdotes and compelling research, we unravel the mysteries of human behavior and reveal the hidden drivers behind our financial decisions. Whether you're a spender, saver, or somewhere in between, this chapter offers invaluable insights to help you decode the psychology of money and unlock your path to financial abundance. Money is a ubiquitous force in our lives, woven intricately into the fabric of society and influencing nearly every aspect of human existence. Yet, its significance extends far beyond its tangible value as a medium of exchange. Money holds immense power over our thoughts, emotions, and behaviors, shaping our perceptions, motivations, and aspirations. In this chapter, we embark on a profound exploration of the psychology of money, seeking to unravel the complex web of beliefs, attitudes, and emotions that underpin our relationship with wealth. The Origins of Our Money Mindset Our attitudes toward money are deeply rooted in our past experiences, beginning from the earliest stages of our development. Childhood is a crucial period during which our perceptions of money are shaped by the attitudes and behaviors of our caregivers, as well as our socioeconomic environment. For some, money may be associated with security, abundance, and comfort, instilling a sense of confidence and empowerment. Conversely, others may grow up in environments where money is scarce, leading to feelings of anxiety, deprivation, and insecurity. The Influence of Society and Culture Beyond our individual experiences, societal and cultural factors play a significant role in shaping our relationship with money. From the media and advertising to societal norms and values, we are bombarded with messages that perpetuate certain beliefs about wealth and success. In many cultures, material possessions are equated with status and social worth, leading individuals
Author : Michael K. Fung,Bruno S. Sergi
Publisher : Emerald Publishing Limited
Page : 104 pages
File Size : 49,9 Mb
Release : 2021-01-29
Category : Business & Economics
ISBN : 1839099372
Serving up fresh insights on Hong Kong's economic growth, this book investigates issues such as housing, immigration, monetary and financial systems, the business environment, and international trade and finance to provide a coherent and comprehensive overview of Hong Kong’s position in the global economy.
Author : Frank Mols,Jolanda Jetten
Publisher : Cambridge University Press
Page : 239 pages
File Size : 41,6 Mb
Release : 2017-05-25
Category : Business & Economics
ISBN : 9781107079809
This book presents compelling evidence of the 'wealth paradox', where economic prosperity can also fuel prejudice, social unrest, and intergroup hostility.
Author : Carlos Caceres
Publisher : International Monetary Fund
Page : 32 pages
File Size : 50,7 Mb
Release : 2019-05-24
Category : Business & Economics
ISBN : 9781498316477
This paper analyzes the existence of “wealth effects” derived from net equity (in the form of housing, financial assets, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income Dynamics (PSID) ?covering about 7,000-9,000 households in the U.S., with the estimations carried over the period 1999-2017. Overall, wealth effects are found to be relatively large and significant for housing wealth, but less so for other types of wealth, including stocks. Furthermore, the analysis shows how these estimated marginal propensities to consume (MPC) from wealth are closely linked to household characteristics, including income and demographic factors. Finally, underlying structural changes in household characteristics point to potentially lower aggregate MPCs from wealth going forward.
Author : John Bates Clark
Publisher : Cosimo, Inc.
Page : 477 pages
File Size : 41,9 Mb
Release : 2005-09-01
Category : Business & Economics
ISBN : 9781596052529
What would be the rate of wages, if labor and capital were to remain fixed in quantity, if improvements in the mode of production were to stop, if the consolidating of capital were to cease and if the wants of consumers were never to alter? The question assumes, of course, that industry shall go on, and that, notwithstanding a paralysis of the forces of progress, wealth shall continue to be created under the influence of a perfectly unobstructed competition. -from the Preface John Bates Clark was the first American economist with an international reputation-this revolutionary 1899 work is what brought him that distinction. In clear, lucid language that makes his economic philosophy so plain we take it for granted today, Clark lays out his Marginal Productivity Theory of Distribution, a rebuttal to Marx and an apologetic for capitalism. Insisting that in a competitive market economy, all work is fully and fairly recompensed and all labor and capital are, in a very real sense, equal components, Clark shattered then widely held theories of economics with his groundbreaking thesis. And his work continues to influence the global financial situation today. American economist JOHN BATES CLARK (1847-1938), who also wrote the significant The Philosophy of Wealth (1885), was professor of political economy at Columbia University and one of the founders of the American Economic Association. The prestigious John Bates Clark Medal for economic thought is named for him.
Author : United States. Bureau of Labor Statistics
Publisher : Unknown
Page : 526 pages
File Size : 45,7 Mb
Release : 1937
Category : Labor
ISBN : UOM:39015038712264
Author : Jaydev Vishwakarma,Vikash Sharma,Praveen Dilip. S,Subhash Singh,Debanjan Bhattacharjee
Publisher : LEAD INDIA
Page : 41 pages
File Size : 42,8 Mb
Release : 2024-02-07
Category : Business & Economics
ISBN : 8210379456XXX
The Wealth Effect: Transformations of Lifestyle is a captivating exploration of the profound impact that financial success has on individuals' lives and lifestyles. Through engaging narratives, expert analysis, and practical insights, this book delves into the transformative power of wealth, exploring how it shapes attitudes, behaviors, and aspirations. From the allure of luxury and the pressures of social comparison to the pursuit of meaning and fulfillment, readers are taken on a journey through the complexities of modern life. By examining the intersections of money and lifestyle, this book offers readers a deeper understanding of the dynamics at play and inspires reflection on their own relationship with wealth and well-being.
Author : Yochai Benkler
Publisher : Yale University Press
Page : 532 pages
File Size : 48,8 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 0300125771
Describes how patterns of information, knowledge, and cultural production are changing. The author shows that the way information and knowledge are made available can either limit or enlarge the ways people create and express themselves. He describes the range of legal and policy choices that confront.
Author : Tullio Jappelli,Luigi Pistaferri
Publisher : Oxford University Press
Page : 313 pages
File Size : 40,8 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780199383153
In The Economics of Consumption, Tullio Jappelli and Luigi Pistaferri provide a comprehensive examination of the most important developments in the field of consumption decisions and evaluate economic models against empirical evidence.
Author : Gilles Dufrénot,Takashi Matsuki
Publisher : Springer Nature
Page : 387 pages
File Size : 44,8 Mb
Release : 2020-11-21
Category : Business & Economics
ISBN : 9783030542528
The book provides a comprehensive overview of the latest econometric methods for studying the dynamics of macroeconomic and financial time series. It examines alternative methodological approaches and concepts, including quantile spectra and co-spectra, and explores topics such as non-linear and non-stationary behavior, stochastic volatility models, and the econometrics of commodity markets and globalization. Furthermore, it demonstrates the application of recent techniques in various fields: in the frequency domain, in the analysis of persistent dynamics, in the estimation of state space models and new classes of volatility models. The book is divided into two parts: The first part applies econometrics to the field of macroeconomics, discussing trend/cycle decomposition, growth analysis, monetary policy and international trade. The second part applies econometrics to a wide range of topics in financial economics, including price dynamics in equity, commodity and foreign exchange markets and portfolio analysis. The book is essential reading for scholars, students, and practitioners in government and financial institutions interested in applying recent econometric time series methods to financial and economic data.
Author : Alan Reynolds
Publisher : Bloomsbury Publishing USA
Page : 246 pages
File Size : 49,7 Mb
Release : 2006-09-30
Category : Business & Economics
ISBN : 9780313063558
Why some people are rich and others poor can be explained in a number of ways. Income and Wealth focuses on who gets what and why. It explains the dynamics of income generation, how it is measured, and how such dramatic disparities in distribution come about. The book first defines various characteristics of income, with an emphasis on the gap between the rich and the poor, and reviews several theories to explain the disparities. Subsequent chapters discuss such timely topics as the vanishing middle class and the sky-high salaries of CEOs, Hollywood stars, and athletes. The final chapters consider the implications of policies, such as the minimum wage, taxes, immigration, and trade quotas, and expand the discussion to consider international comparisons. Featuring graphs and charts, a glossary of key terms, and a listing of references and resources, Income and Wealth explains the intricate, and often controversial, effects of economic policies on individuals, families, and communities. Moreover, it shows how the numbers can be manipulated by policymakers, pundits, journalists, and academics to promote various agendas—and shows readers how to recognize hyberbole and make better-informed decisions.
Author : Arkadiusz Sieroń
Publisher : Routledge
Page : 162 pages
File Size : 52,6 Mb
Release : 2019-02-04
Category : Business & Economics
ISBN : 9780429657283
Who would disagree that money matters? Economists have yet to sufficiently explore issues related to monetary inflation in relation to the Cantillon effect, i.e. distribution and price effects resulting from uneven changes in the money supply and their impact on the economy. This book fills this important gap in the existing literature. The author classifies the various channels through which new money can be injected into the economy and demonstrates that it is not only the increase in money supply that is important, but also the way in which it occurs. Since the increase in money supply does not affect the cash balance of all economic entities in the same proportion and at the same time – new money is introduced into the economy through specific channels – a distribution of income and changes in the structure of relative prices and production occur. The study of money supply growth, carried out in the spirit of Richard Cantillon, offers an important analytical framework that facilitates the development of a number of sub-disciplines within economics and provides a better understanding of many economic processes. It significantly explores the theory of money and inflation, the business cycle and price bubbles, but also the theory of banking and central banking, income distribution, income and wealth inequalities, and the theory of public choice. This book is therefore an important voice in the fundamental debate on the role of monetary factors in the economy, as well as on the effects and legitimacy of a loose monetary policy. In 2017, the doctoral dissertation on which the book is based was awarded the Polish Prime Minister’s prize. In these times of non-standard monetary policy and rising income inequalities in OECD countries, the focus on the distribution effect of monetary inflation makes this a must read for researchers and policy-makers and for anyone working in monetary economics. This title was translated from Polish by Martin Turnau.
