The Propensity to Consume
Elizabeth W. Gilboy
The Quarterly Journal of Economics, 1938, vol. 53, issue 1, 120-140
Abstract:
I. The Distribution of Income, 121.— II. Statistical Evidence on the Relation between Income and Expenditure: the Brookings study, 123; Lough's study, 124; Zimmerman's findings, 125; the Consumer Purchase data for Chicago, Denver and Providence, 125; for villages in New England and the Middle West, 129; for small cities, 129; for farm operators, 134.— Data for occupational groups, 134.— Kaplan's analysis, 134.— Definition of savings, 135.— Inferences concerning Mr. Keynes' psychological law, 135.— III. The Psychological Basis, 138.— Conclusion, 140.
Date: 1938
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