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Income instability and consumption behavior, a study of Taiwanese farm households 1964-1970
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Income instability and consumption behavior, a study of Taiwanese farm households 1964-1970
The objectives of this study are: (1) to investigate the effects of income instability on the consumption behavior of Taiwanese farm households, (2) to measure the impact which short-run changes in household income and farm investment profitability have on household expenditures, and (3) to draw possible policy implications for less developed countries from the analysis.
Canh, Truong Quang · 1970
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Abstract
The study was mostly based on data from 53 Taiwanese farms covering the seven-year period 1964 through 1970. A linear model was used in the analysis to describe the consumption function, first for total expenditures and subsequently for other subclasses of consumption: food, clothing, household operations, and health and education.
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