Transfers and Development: Easy Come, Easy Go?

Luc Christiaensen and Lei Pan

No wp-2010-125, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Contrary to the popular notion that money that is easily earned, is also easily spent, economic theory holds that income is fungible. Drawing on the concept of mental accounting, this study theoretically explores when such a link between spending behaviour and the effort dispensed in obtaining income is plausible.

Keywords: Consumption; Mathematical models (Economic development); Microeconomics; Panel analysis (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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