 The Household Sectors’ Initial ChoicesHarland Wm. Whitmore Chapter 4 in The World Economy, Population Growth, and the Global Ecosystem, 2007, pp 47-55 from Palgrave Macmillan Abstract: Abstract The household sectors face a wide variety of choices in this model. They select their consumption of the nontraded renewable resource produced in their country (R1, R2, or R3), their consumption of the consumer goods, C, produced in Country Three, their supply of labor to their country’s labor market, the number of childbirths in their country, the level of general (nonsanitation) public services (and the corresponding level of personal taxes) to be provided by their country’s government sector next period, and their current saving. Each household sector must also decide its planned holdings of money and bonds for the end of the period. These portfolio decisions must conform to the sector’s planned saving during the period. In particular, with all assets and liabilities measured in current-period prices, the net value of the planned accumulations or decumulations of money and bonds during the period must equal the sector’s planned nominal saving during the period. Keywords: Capita Consumption; Current Period; Future Consumption; Household Sector; Personal Taxis (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60730-9_4 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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