On the Fungibility of Spending and Earnings : Evidence from Rural China and Tanzania
A common behavioral assumption of micro-economic theory is that income is fungible. Using household panel data from rural China and Tanzania, this study finds however that people are more likely to spend unearned income on less basic consumption go...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/12/17123932/fungibility-spending-earnings-evidence-rural-china-tanzania http://hdl.handle.net/10986/12208 |