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New Result in Consumption Theory:Change in Savings and Income Growth Nineteen Years Later

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  • Cheng K. WU

    (Growonders Corp., USA.)

Abstract

This new version uses the definitions and some of the results found in Sargent s Macroeconomic Theory. Hall s (1978) proof of the corollary 4,ct+1 = ct, can be found in Flavin (1981). Writing the same consumption stated in Flavin, for period t+1, in a different way for the summation of the expected future incomes, it is possible to show that changes in savings is a function of income growth. This new result has implications, for instance, in Keynes (1936) saving and dissaving.

Suggested Citation

  • Cheng K. WU, 2016. "New Result in Consumption Theory:Change in Savings and Income Growth Nineteen Years Later," Journal of Economics Library, EconSciences Journals, vol. 3(1), pages 77-81, March.
    • Handle: RePEc:cvv:journ5:v:3:y:2016:i:1:p:77-81
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    Keywords

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    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches

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