The Structural Effect on Consumer Disbursements of Wives Working

Bilkey, Warren J.; Massaro, Vincent G.; Meehan, James P.

doi:10.2307/1928210

Cited by 2 publications

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“…In interviews with English workers (who often have the opportunity, and are often expected, to earn large amounts of overtime wages), Ferdynand Zweig found [290] that those who attempt to get as much overtime as possible often need the money for necessary expenses (large families) or 22 The extent to which wages and wage systems contribute to job satisfaction and productivity has been the subject of a large number of studies in the industrial psychology literaturefor a review, see R. K. Opsahl [273] found that most respondents said they did not use income from moonlighting or the housewife's work outside the home for any particular purpose, but rather as an extra contribution to the general budget. W. J. Bilkey, V. G. Massaro, and J. P. Meehan, Jr. found [19] in a US sample of working housewives in the age group 20 through 30 that most of their earnings went to saving for a home of their own. These families saved more than families in which the housewife did not work.…”

Section: Earning Of Income As An R Variablementioning

confidence: 99%

Psychological Approaches to the Study of Saving

Healey¹,

Ölander²,

Seipel³

1971

The Canadian Journal of Economics

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should, in principle, be possible to investigate the influence of these subjective variables on saving, in the same way as the influence of the "objective" rate of interest on saving can be studied. A similar study could presumably be made of the effects of variations in perceived "disutility of postponed consumption." J. M. Keynes Keynes introduced new ideas concerning the determinants of saving. One of his changes in the classical theory is the assumption that the behavior of the consumer unit is not to any great extent influenced by changes in interest rates within an economically plausible field of variation. Furthermore, the value of saving per se is stressed to a considerably greater extent. The idea that saving is motivated only by the explicit planning of future (postponed) consumption is replaced by a whole series of possible reasons for the "utility" of saving. 3 The most important feature of Keynes's theory of consumer behavior 2 This description of classical economic theories is, of course, extremely abridged and simplified. See Gardner Ackley [1] and D. B. Suits [266] for a more detailed summary of the basic ideas in the theories. Werner Paschke has presented [220] an extensive review of the various saving motives and mechanisms postulated by economic thinkers from Xenophon to the present. 3 This list of reasons as to why saving may be attractive has frequently been criticized as arbitrary and based on introspection. See R. Schroder [244]. Ways of Describing the Individual Saving Process 5 is, however, the thesis that the extent of saving, at least in the short run, is more or less completely determined by the size of real income. This idea has given rise to a multitude of empirical studies aimed at investigating the correctness of the thesis (Robert Ferber [63]). Keynes's hypothesis about the way in which income is related to consumption and saving is expressed primarily in the "fundamental psychological law" which he postulated. hardly described the model which underlies his work explicitly and in detail. The following description which must, therefore, be regarded as 6 Psychological Approaches to the Study of Saving somewhat tentative is based primarily on Katona's book, The Powerful Consumer ([119], especially Ch. 4), and on F. M. Nicosia's interpretation [210] of Katona's model. Consumer behavior, according to Katona, is a function of economic stimuli of different types and of intervening variables within the individual, '

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Section: Earning Of Income As An R Variablementioning

confidence: 99%

Psychological Approaches to the Study of Saving

Healey¹,

Ölander²,

Seipel³

1971

The Canadian Journal of Economics

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Personal Consumption in Czechoslovakia, Hungary, and Poland, 1950-1960: A Comparison

Holesovsky

1965

Slavic rev.

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Personal consumption is usually viewed as the major factor determining the standard of living of a population. Furthermore, to borrow Janet Chapman's phrase, it is “one of the grand criteria on which the performance of [an] economy will be judged.” To facilitate such an evaluation of East European economies, which have been operating to the present on the principles of Soviet-type planning, we have assembled in this paper the results of a statistical investigation of personal consumption in Czechoslovakia, Poland, and Hungary. Following the principle that context and comparison alone bring out meaning, we have selected those aspects that lend themselves most naturally to international confrontation: rates of growth and absolute levels of per capita consumption, changes in the relative share of personal consumption in total output, and changes in the structure of consumption by major categories.

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The Structural Effect on Consumer Disbursements of Wives Working

Cited by 2 publications

References 0 publications

Psychological Approaches to the Study of Saving

Psychological Approaches to the Study of Saving

Personal Consumption in Czechoslovakia, Hungary, and Poland, 1950-1960: A Comparison

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