On the History of Habit Formation in Consumption

George Messinis

No 673, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This paper traces the evolution of the habit formation literature in economics. Its long history displays two main features: (i) the literature has grown immensely during the 20th century, and (ii) its growth has not been smooth. This paper argues that factors such as methodology, theoritical innovations, data availability and historical events have all played a role in the formation of these patterns. Finally, the paper points to new challenges ahead.

Keywords: CONSUMPTION; ECONOMIC HISTORY; MEASUREMENT SYSTEMS; HABITAT (search for similar items in EconPapers)
JEL-codes: E2 N1 (search for similar items in EconPapers)
Pages: 35 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:673

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