IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-60730-9_4.html
   My bibliography  Save this book chapter

The Household Sectors’ Initial Choices

In: The World Economy, Population Growth, and the Global Ecosystem

Author

Listed:
  • Harland Wm. Whitmore

Abstract

The household sectors face a wide variety of choices in this model. They select their consumption of the nontraded renewable resource produced in their country (R1, R2, or R3), their consumption of the consumer goods, C, produced in Country Three, their supply of labor to their country’s labor market, the number of childbirths in their country, the level of general (nonsanitation) public services (and the corresponding level of personal taxes) to be provided by their country’s government sector next period, and their current saving. Each household sector must also decide its planned holdings of money and bonds for the end of the period. These portfolio decisions must conform to the sector’s planned saving during the period. In particular, with all assets and liabilities measured in current-period prices, the net value of the planned accumulations or decumulations of money and bonds during the period must equal the sector’s planned nominal saving during the period.

Suggested Citation

  • Harland Wm. Whitmore, 2007. "The Household Sectors’ Initial Choices," Palgrave Macmillan Books, in: The World Economy, Population Growth, and the Global Ecosystem, chapter 4, pages 47-55, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-60730-9_4
    DOI: 10.1057/9780230607309_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-60730-9_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.