How forward looking are consumers? Further evidence for the United States.

A modified version of a standard model of consumption is developed to test how forward looking consumers are. The model supports the existence of both rule-of-thumb consumers and consumers who are, to some degree, myopic with regard to their future income and taxes. However, the model assumes that...

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Bibliographic Details

Published in:	Southern Economic Journal Vol. 66; no. 4; pp. 991 - 1001
Main Author:	Himarios, Daniel
Format:	Article
Published:	Southern Economic Association April 2000
Subjects:	Mathematical models of consumption Dynamic programming Income United States
Online Access:	View this record in EBSCOhost