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dc.contributor.authorChristiaensen, Lucen
dc.contributor.authorPan, Leien
dc.date.accessioned2011-01-13-
dc.date.accessioned2011-12-15T13:15:14Z-
dc.date.available2011-12-15T13:15:14Z-
dc.date.issued2010-
dc.identifier.isbn978-92-9230-363-1en
dc.identifier.urihttp://hdl.handle.net/10419/53976-
dc.description.abstractContrary 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. Empirically, it is found that the marginal propensity to consume from unearned income is about three times larger than that from earned income, based on household panel data from rural China, with the difference more pronounced when unearned income is transitory and smaller than earned income. The policy implications are real.en
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Working Paper |x2010/125en
dc.subject.jelD01en
dc.subject.jelD11en
dc.subject.jelD12en
dc.subject.jelO12en
dc.subject.ddc330en
dc.subject.keywordtransfersen
dc.subject.keywordsavingen
dc.subject.keywordmental accountingen
dc.subject.keywordpermanent income hypothesisen
dc.subject.keywordChinaen
dc.subject.stwEinkommenshypotheseen
dc.subject.stwVerbraucherausgabenen
dc.subject.stwChinaen
dc.titleTransfers and development: Easy come, easy go?-
dc.typeWorking Paperen
dc.identifier.ppn643904565en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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