Investment confidence, corporate debt and income fluctuations: a need for reformulation
Article Abstract:
A macrodynamic model emphasizing on fixed investment decisions of firms and internal and external investment financing is found to be flawed. An inconsistency results from the model's inability to fully consider the loan market. The problem can be solved through a straightforward extension of the model.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1995
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The role of income aspirations in individual happiness
Article Abstract:
The higher income aspirations reduce people's utility, ceteris paribus, as examined by a direct empirical test. Income aspirations increase with people's income and average income in the community they reside, as the processes of adaptation and social comparison remains consistent.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2004
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Relative-income effects on subjective well-being in the cross-section
Article Abstract:
Research is presented describing the study of personal happiness in relation to income using general social survey techniques to determine subjective status.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2001
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