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 goods such as alcohol and tobacco, non-staple food, tr...
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| Format: | Electronic Book |
| Language: | English |
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Washington, D.C. :
The World Bank,
2012
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| Series: | Policy research working papers
World Bank e-Library |
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