THE IMPACT OF AN INCOME ON CONSUMER DECISIONS IN THE MARKET – THE ANALYSIS OF SELECTED CONSUMPTION THEORY Cover Image

WPŁYW DOCHODU NA DECYZJE KONSUMENTA NA RYNKU – ANALIZA WYBRANYCH TEORII KONSUMPCJI
THE IMPACT OF AN INCOME ON CONSUMER DECISIONS IN THE MARKET – THE ANALYSIS OF SELECTED CONSUMPTION THEORY

Author(s): Aleksandra Milczarek
Subject(s): Economy, Financial Markets, Socio-Economic Research
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: consumption theory; consumption; income;

Summary/Abstract: The subject of this article is the consumption theory. In particular, it focuses on the Friedman’s theory of permanent income and the Modigliani’s life cycle hypothesis. The article analyses the mechanism of the effect of various types of income on the development of consumption based on discussed macroeconomic concepts. A comparison of both theories has been made and considerations are referenced to the Keynes’s theory of the absolute income.

  • Issue Year: 2016
  • Issue No: 44/1
  • Page Range: 21-32
  • Page Count: 12
  • Language: Polish