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Determinantes del ingreso de los hogares y de su gasto corriente

Author

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  • Manuel Muñoz C.

    (Universidad Nacional de Colombia)

Abstract

This empirical research analyzes the determinants of Colombian household revenues and expenditures. Using a life cycle model with data from the national household survey 1994-1995, the paper shows how the behavior of household income is mainly affected by demographic characteristics and by the social-occupational characteristics of its members. Expenditure behavior is determined principally by income and secondly by the social characteristics of the household and by the expenditure of other households with similar characteristics. The paper also analyzes the influence of income uncertainty on households expenditure, to see if the effect is due to a motive of precaution.

Suggested Citation

  • Manuel Muñoz C., 2004. "Determinantes del ingreso de los hogares y de su gasto corriente," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 6(10), pages 183-199, January-J.
    • Handle: RePEc:rei:ecoins:v:6:y:2004:i:10:p:183-199
    as

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/mmunoz10.pdf
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    References listed on IDEAS

    as
    1. Martin Browning & Annamaria Lusardi, 1996. "Household Saving: Micro Theories and Micro Facts," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1797-1855, December.
    2. Miles, David, 1997. "A Household Level Study of the Determinants of Incomes and Consumption," Economic Journal, Royal Economic Society, vol. 107(440), pages 1-25, January.
    3. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, March.
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    More about this item

    Keywords

    household behavior; household income; household expenditure; uncertainty;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D19 - Microeconomics - - Household Behavior - - - Other

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