Vliv relativního příjmu na mezní sklon ke spotřebě – případ České republiky

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dc.contributor.authorBadura, Ondřej
dc.date.accessioned2018-09-18T08:13:02Z
dc.date.available2018-09-18T08:13:02Z
dc.date.issued2018
dc.descriptionDOI nefunkční (18.9.2018)
dc.description.abstract-enThis paper examines the influence of relative income on the consumption function, particularly the issue of the precise quantification of the relationship between the propensity to consume and the position of the household in the income distribution represented just by relative income. Mainstream theory of consumption, though it is aware of this effect, for its focus primarily on the aggregate consumption, it doesn’t pay much attention to this. However, if it is possible to accurately describe and quantify this so-called relative income effect, it will mean a relevant contribution to the explanation of individual consumption patterns or consumption of income categories. The aim of this work is to find, describe and precisely quantify the impact of relative income on the average propensity to consume on the example of Czech households. To achieve this goal, we use a regression estimation of the dynamic panel using GMM, where the individual panels are set as income categories of households. The results achieved unambiguously confirm the validity of the initial assumption about the existence of functional dependence of the propensity to consume on the relative income and thus it fully supports the idea of interdependent concept of utility and consumption.
dc.description.firstpage430cs
dc.description.issue4cs
dc.description.lastpage449cs
dc.description.sourceWeb of Sciencecs
dc.description.volume66cs
dc.format.extent382030 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.citationPolitická ekonomie. 2018, vol. 66, issue 4, p. 430-449.cs
dc.identifier.doi10.18267/j.polek.1223
dc.identifier.issn0032-3233
dc.identifier.issn2336-8225
dc.identifier.urihttp://hdl.handle.net/10084/131942
dc.identifier.wos000443842200002
dc.language.isocscs
dc.publisherVysoká škola ekonomická v Prazecs
dc.relation.ispartofseriesPolitická ekonomiecs
dc.relation.urihttp://doi.org/10.18267/j.polek.1223cs
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License
dc.rights.accessopenAccesscs
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/cs
dc.subjectrelative incomecs
dc.subjectpropensity to consumecs
dc.subjectDuesenberry's hypothesiscs
dc.subjectincome categoriescs
dc.subjectdynamic panelcs
dc.subjectGMMcs
dc.titleVliv relativního příjmu na mezní sklon ke spotřebě – případ České republikycs
dc.title.alternativeAn influence of relative income on the propensity to consume - Czech Republic case studycs
dc.typearticlecs
dc.type.statusPeer-reviewedcs
dc.type.versionpublishedVersioncs

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