Arbeitspapier
Representing consumption and saving without a representative consumer
The Great Recession confirmed a bedrock principle of modern consumption theory: It is impossible to explain aggregate spending behavior without knowledge of the underlying microeconomic distribution of circumstances and choices across households. National accounting frameworks therefore need to be augmented by "bottom up" measures that both (a) capture the microeconomic heterogeneity (in expenditures, income, assets, debt, and beliefs) in the population and (b) sum up to statistics that have a recognizable relationship to the aggregate totals that are already reasonably well measured.
- Language
-
Englisch
- Bibliographic citation
-
Series: CFS Working Paper ; No. 464
- Classification
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
- Subject
-
National Accounting
Inequality
Distribution
- Event
-
Geistige Schöpfung
- (who)
-
Carroll, Christopher D.
- Event
-
Veröffentlichung
- (who)
-
Goethe University Frankfurt, Center for Financial Studies (CFS)
- (where)
-
Frankfurt a. M.
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Carroll, Christopher D.
- Goethe University Frankfurt, Center for Financial Studies (CFS)
Time of origin
- 2014
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