Theory of Consumer Behavior - St. Louis Fed

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Transcript of Theory of Consumer Behavior - St. Louis Fed

Relation between Consumer Assets + Consumer Expenditures (or Savings)

1. Effect of changing price levels on the real value of consumer assets - PIGOD EFFECT

2. Effect of Liquid asset creation through Government deficits - LERNER EFFECT

3. Effect of asset accumulation thru continued private investment - KEYNES EFFECT

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Consumer motivation

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ACKLEY, Gardner

The wealth-saving relationship, JOOENAL OF POLITICAL ECONOMY, LIX, No. 2, April, 1951, pp. 154-161.

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ACKLEY, Gardner and SUITS, Daniel B.

Relative price changes and aggregate consumer demand, ̂ AMERICAN ECONOMIC REVIEW, vol. 40, December, 1950, pp. 785-804.

theory of constmers1 behavior

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/T.LEN and BOVLEY

FAMILY EXPENDITURE: A STUDY OF ITS VARIATIONS. Tendon:

1935.

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AMSTBONG, V. E.

A note on the theory of consumers' behavior, OXFORD ECONOMIC PAPERS,

January, 1950.

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BILKEY, V. J.

THE BASIC RELATIONSHIPS IN CONSUMER EXPENDITURE BEHAVIOR. Cambridge, Mass.: Graduate School of Public Administration, Harvard University, 1951.

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BRONFENBHEHJER, Martin, TAMANE, T., end LEE, C. H.

A study in redistribution and consumption, THE REVIEW OF ECONOMIC STATISTICS, May, 1955.

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BROW, T. M.

Habit persistence and lags in consumer behavior, ECONOMETEICA, Vol. 20, July, 1952.

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CLARK, Lincoln H., Editor

CONSOMER BEHAVIOR: THE DYNAMICS OF CONSUMER REACTION. Nev York: New York University-Press , 1954^-

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DUE, Jean Mann

Consumption levels in, Canada and the United States, 1947-50, THE CANADIAN JOURNAL OF ECONOMICS AND POLITICAL SCIENCE, XXI, No. 2, May, 1955.

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DUESENBERRI, James

Innovation and growth, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, vol. 46, May, 1956, pp. 13A-H1.

Review:

Discussions: John B. Lansing, Irwin Friend, and Harold W. Guthire, M2-154*

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DUESENBERBX, James S.

INCOME, SAVIMG AND TBE THEORT OF CONSWER BEHAVIOR* Cambridge, Harvard University Press, 1949.

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WJESENBERRI, James S*

INCOME, SAVING, AND THE THEORX OF CONSUMER BEHAVIOR. Cambridge: Harvard University Press, 1949*

Review: by Kenneth J, Arrow, AMERICAN ECONOMIC REVIEW, vol. 40, May, 1950, pp, 906-911*

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DUESENBERRX, James S. and H. KISTIN

"The Role of Demand In the Economic Structure,* in STUDIES IN THE STRUCTURE OF THE AMERICAN ECONOMY. New lork: Oxford University Press, 1953.

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GILBOT, Elizabeth V.

Elasticity, consumption, and economic growth, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, Vol. 46, May, 1956, pp. 119-133.

Discussion: John B. Lansing and Irwin Friend, r-;?. 142 and Harold W. Guthrie, pp. 142-54

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HABERLER, Gottfried

The Pigou effect once more, JOURNAL OF POLITICAL ECONOMY, LX, No. 3, June, 1952, pp. 240-246.

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HANSEN, Alvin H.

The Pigouvian Effect, JODENAL OF POLITICAL ECONOMY, LIX, No. 6, December, 1951, pp. 535-536.

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HELLER, V. ¥., F. M. BODDY, and C. L. NELSON

Savings in the Modern Bconaigy* Minnesota: University of Minnesota Press, 1953 •

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HELLER, V. V., BODDY, F. M. and NELSON, C. L.

SAVINGS IN THE MODERN ECONOMY. A SYMPOSIUM. Minneapolis: University of Minnesota Press, 1953* Pp. 370.

Review: by Malcolm R. Fisher, ECONOMIC JOURNAL, LXV, June, 1955, pp. 312-15.

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KAPLAN, A. D. H.

Expenditure patterns of urban families, JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, Vol. 33, No. 201, March, 1939, pp. &L-100.

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KATONA, George and MUELLER,. Eva

CONSUMER BEHAVIOR. New York, New York University Press, 1954-

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KATONA, G., KLEIN, L. R, , LANSING, J, B. et al.

CONTRIBUTIONS OF StJRVEX METHODS TO ECONOMICS; ed, with an introduction byL, R. Klein. New York: Columbia University Press, 1954* 258 pp.

Lansing: Concepts used in surveys; Katona: Variability of consumer behavior and the survey

method Morgan, J.N.: Factors related to consumer saving when it

is defined as a net worth concept; Analysis of residuals from normal regression

KLein: Statistical estimation of ec* relations from survey data Applications of survey methods and data to the analysis of ec. fluctuations

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KATONA, George

"Expectations and Becisioaxa in Economic Behavior," in THE POLICY SCIEHCES (ed* by D. Lerner and H. Lasswell). Stanford: Stanford University Press, 1951* pp* 219-32*

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KATONA, George

The effect of income changes on the rate of savin», THE REVIEW OF ECONOMICS AND STATISTICS,

1949. t,*lf **1

Relation of saving (and dissaving) to income increases and income expectations

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KATQNA, George

"Effect of Income Changes oa the Bate of Saving,11

REVIEW OF ECONOMICS & STATISTICS, XXXI, May 1949, pp. 95-103.

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KATONA, George

Analysis o.f Dissaving, AMERICAN ECONOMIC REVIEW, Vol. 39, June, 1949, pp. 673-688.

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KATONA, George

"Analysis of Dissaving," AMERICAN ECONOMIC REVIEW, XXHX, June 1949, pp. 673-38.

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KATONA, George

PSYCHOLOGICAL ANALYSIS OF ECONOMIC BEHAVIOR. New York: McGraw-Hill , 1 9 5 1 .

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KATONA, George

"Contributions of Psychological Data to Economic Analysis," JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, XLII, Sept. 1947, pp. U9-59.

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KATONA, George, and L. R. KLEIN

"Psychological Data in Business Cycle Research,« AMERICAN JOURNAL OF ECONOMICS & SOCIOLOGY, HI, Oct., 1952, pp. 11-22.

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KATONA, George, and Janet FISHER

^Postwar Income Changes of Identical Consumer Units,* in STUDIES IN INCOME AND WEALTH, Vol. XIII. New York: National Bureau pf Economic Research, 1951 ,pp 62-119.

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KATONA, George and J. H. MORGAN

"THe Quantitative Study of Factors Determining Business Decisions," WUARTEBLX JOURNAL OF ECONOMICS, LXVI, Feb. 1952, pp. 67-90.

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KATQNA, George and Eva MUELLER

CONSUMER ATTITODES AND DEMAND, 1950-1952. Ann Arbor: Survey Research Center, 1953.

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KRAVIS, Irving B,

International and intertemporal comparison of the structure of consumption, CONFERENCE ON CONSUMPTION AND ECONOMIC DEVELOPMENT (1955) •

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KTRK, Hazel

A THEORT OF OONSIMPTION. Hart, Sehaffner & Marx Prize Essays, XXXV. Boston: Houghton Mifflin, 1925. Pp. xiv, 298.

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LUBELL, Harold

"Effects of redistribution of income on consumers' expenditures," AMERICAH ECONOMIC REVIEW, vol. 37, March 194-7, pp. 157-170.

means of increasing consumers' expenditures by redistributing current income.

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MACK, Ruth P.

Trends in American consumption and the aspiration to consume, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, Vol. 46, May, 1956, pp. 55-68.

Discussion: Robert Ferber, pp. 8^-6.

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METZLER, Lloyd A.

Wealth, saving, and the rate of interest, JOURNAL OF POLITICAL ECONOMY, LIX, April, 1951, pp. 93-116.

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MITZNITSKY, Marie

Economic effects of changes in consumers1

demand, SOCIAL RESEARCH, I, 1934, pp. 199-218,

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MORGAN, Theodore

CONSUMER ECONOMICS. New York: Prent ice -Hal l , April 1955.

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MORISHIMA, Michio

Consumer s behavior and liauidity preference, ECONOMETRICA, Vol. 20, April, 1952, pp. 223-2^6.

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MORISHIMA, Michio

"Consumer's Behavior and Liquidity Preference," ECONOMETPICA, XX, April, 1952.

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NORRIS, Ruby Turner

THE THEORY OF CONSUMER'S DEMAND. New Haven: Yale University Press,

2d rev. ed., 1952. Pp. xiv, 237.

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NORMS, Ruby Turner

THEORY OF CONSUMER'S DEMAND. New Haven: Yale Univers i ty Press ,

2d rev. e d . , 1952.

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OGBUKN, William F.

"Analysis of the standard of Living of the District of Columbia in 1916," JOUMAL OF THE AMERICAN STATISTICAL ASSOCIATION, Vol. 16, June, 1919, pp. 374-389.

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PARADISO, L. J. and WINSTON, C.

Consumer expenditure-income patterns, SURVEI OF CURRENT BUSINESS, September, 1955.

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POLAK, J. J.

Fluctuations in United States consumption, 1919-1932, REVIEW OF ECONOMIC STATISTICS, XXI,

1939, pp. 1-12.

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ROBBINS, LIONEL

"Consumption and the Trade Cycle" EC. Vol XII, No. 38, November, 1932

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SCITOVSKY, Tibor de

Capital accumulation, employment and price rigidity, EEVIEW OF ECONOMIC STUDIES, VIII, February, 19U, pp. 69-88.

Consumer behavior"—relation between wealth and consumption

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SMTVR, Harlan M,

•The savings problem,» in SAVING8 IR THE MODEFK ECONOMY (ed. by W. W. Heller, F. M. Boddy, and C. i . Nelson). Minneapolis, University of Minnesota Press 1953.

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STAEHLE, Hans

The reaction of consumers to changes in prices and income: a quant i ta t ive study in immigrants1

behavior, ECONOMETRICA, Vol. 2, January, 1934, pp. 59-72.

consumers1 behavior

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fe»iv«»-

MY^OR Char!** r.

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TINBERGEN, Jan

Does consunotion l a g behind incomes? REVIEW OF ECONOMIC STATISTICS, XXIV, No. 1 , Feb. 1942, pp. 1-8.

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¥ALLIS, V. Allen

The temporal stability of consumption pattern, REVIEW OF ECONOMIC STATISTICS, XXIV, November, 1942, pp. 177-183.

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WRIGHT, David McC.

Professor Metzler and the rate of interest , JOURNAL OF POLITICAL ECONOMY, Vol. LX, No. 3 , June, 1952, pp. 247-49; A Reply by L. A. Metzler, pp. 249-52.

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Micntit/** /137. PA . -S^S^

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