theory of consumer behavior - st. louis fed

Relation between Consumer Assets + Consumer Expenditures (or Savings)

1. Effect of changing price levels on the real value of consumer assets - PIGOD EFFECT

2. Effect of Liquid asset creation through Government deficits - LERNER EFFECT

3. Effect of asset accumulation thru continued private investment - KEYNES EFFECT

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Consumer motivation


ACKLEY, Gardner

The wealth-saving relationship, JOOENAL OF POLITICAL ECONOMY, LIX, No. 2, April, 1951, pp. 154-161.


ACKLEY, Gardner and SUITS, Daniel B.

Relative price changes and aggregate consumer demand, ̂ AMERICAN ECONOMIC REVIEW, vol. 40, December, 1950, pp. 785-804.

theory of constmers1 behavior


/T.LEN and BOVLEY

FAMILY EXPENDITURE: A STUDY OF ITS VARIATIONS. Tendon:

1935.


AMSTBONG, V. E.

A note on the theory of consumers' behavior, OXFORD ECONOMIC PAPERS,

January, 1950.


BILKEY, V. J.

THE BASIC RELATIONSHIPS IN CONSUMER EXPENDITURE BEHAVIOR. Cambridge, Mass.: Graduate School of Public Administration, Harvard University, 1951.


BRONFENBHEHJER, Martin, TAMANE, T., end LEE, C. H.

A study in redistribution and consumption, THE REVIEW OF ECONOMIC STATISTICS, May, 1955.


BROW, T. M.

Habit persistence and lags in consumer behavior, ECONOMETEICA, Vol. 20, July, 1952.


CLARK, Lincoln H., Editor

CONSOMER BEHAVIOR: THE DYNAMICS OF CONSUMER REACTION. Nev York: New York University-Press , 1954^-


DUE, Jean Mann

Consumption levels in, Canada and the United States, 1947-50, THE CANADIAN JOURNAL OF ECONOMICS AND POLITICAL SCIENCE, XXI, No. 2, May, 1955.


DUESENBERRI, James

Innovation and growth, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, vol. 46, May, 1956, pp. 13A-H1.

Review:

Discussions: John B. Lansing, Irwin Friend, and Harold W. Guthire, M2-154*


DUESENBERBX, James S.

INCOME, SAVIMG AND TBE THEORT OF CONSWER BEHAVIOR* Cambridge, Harvard University Press, 1949.


WJESENBERRI, James S*

INCOME, SAVING, AND THE THEORX OF CONSUMER BEHAVIOR. Cambridge: Harvard University Press, 1949*

Review: by Kenneth J, Arrow, AMERICAN ECONOMIC REVIEW, vol. 40, May, 1950, pp, 906-911*


DUESENBERRX, James S. and H. KISTIN

"The Role of Demand In the Economic Structure,* in STUDIES IN THE STRUCTURE OF THE AMERICAN ECONOMY. New lork: Oxford University Press, 1953.


GILBOT, Elizabeth V.

Elasticity, consumption, and economic growth, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, Vol. 46, May, 1956, pp. 119-133.

Discussion: John B. Lansing and Irwin Friend, r-;?. 142 and Harold W. Guthrie, pp. 142-54


HABERLER, Gottfried

The Pigou effect once more, JOURNAL OF POLITICAL ECONOMY, LX, No. 3, June, 1952, pp. 240-246.


HANSEN, Alvin H.

The Pigouvian Effect, JODENAL OF POLITICAL ECONOMY, LIX, No. 6, December, 1951, pp. 535-536.


HELLER, V. ¥., F. M. BODDY, and C. L. NELSON

Savings in the Modern Bconaigy* Minnesota: University of Minnesota Press, 1953 •


HELLER, V. V., BODDY, F. M. and NELSON, C. L.

SAVINGS IN THE MODERN ECONOMY. A SYMPOSIUM. Minneapolis: University of Minnesota Press, 1953* Pp. 370.

Review: by Malcolm R. Fisher, ECONOMIC JOURNAL, LXV, June, 1955, pp. 312-15.

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KAPLAN, A. D. H.

Expenditure patterns of urban families, JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, Vol. 33, No. 201, March, 1939, pp. &L-100.


KATONA, George and MUELLER,. Eva

CONSUMER BEHAVIOR. New York, New York University Press, 1954-


KATONA, G., KLEIN, L. R, , LANSING, J, B. et al.

CONTRIBUTIONS OF StJRVEX METHODS TO ECONOMICS; ed, with an introduction byL, R. Klein. New York: Columbia University Press, 1954* 258 pp.

Lansing: Concepts used in surveys; Katona: Variability of consumer behavior and the survey

method Morgan, J.N.: Factors related to consumer saving when it

is defined as a net worth concept; Analysis of residuals from normal regression

KLein: Statistical estimation of ec* relations from survey data Applications of survey methods and data to the analysis of ec. fluctuations


KATONA, George

"Expectations and Becisioaxa in Economic Behavior," in THE POLICY SCIEHCES (ed* by D. Lerner and H. Lasswell). Stanford: Stanford University Press, 1951* pp* 219-32*


KATONA, George

The effect of income changes on the rate of savin», THE REVIEW OF ECONOMICS AND STATISTICS,

1949. t,*lf **1

Relation of saving (and dissaving) to income increases and income expectations


KATQNA, George

"Effect of Income Changes oa the Bate of Saving,11

REVIEW OF ECONOMICS & STATISTICS, XXXI, May 1949, pp. 95-103.


KATONA, George

Analysis o.f Dissaving, AMERICAN ECONOMIC REVIEW, Vol. 39, June, 1949, pp. 673-688.


KATONA, George

"Analysis of Dissaving," AMERICAN ECONOMIC REVIEW, XXHX, June 1949, pp. 673-38.


KATONA, George

PSYCHOLOGICAL ANALYSIS OF ECONOMIC BEHAVIOR. New York: McGraw-Hill , 1 9 5 1 .


KATONA, George

"Contributions of Psychological Data to Economic Analysis," JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, XLII, Sept. 1947, pp. U9-59.


KATONA, George, and L. R. KLEIN

"Psychological Data in Business Cycle Research,« AMERICAN JOURNAL OF ECONOMICS & SOCIOLOGY, HI, Oct., 1952, pp. 11-22.


KATONA, George, and Janet FISHER

^Postwar Income Changes of Identical Consumer Units,* in STUDIES IN INCOME AND WEALTH, Vol. XIII. New York: National Bureau pf Economic Research, 1951 ,pp 62-119.


KATONA, George and J. H. MORGAN

"THe Quantitative Study of Factors Determining Business Decisions," WUARTEBLX JOURNAL OF ECONOMICS, LXVI, Feb. 1952, pp. 67-90.


KATQNA, George and Eva MUELLER

CONSUMER ATTITODES AND DEMAND, 1950-1952. Ann Arbor: Survey Research Center, 1953.


KRAVIS, Irving B,

International and intertemporal comparison of the structure of consumption, CONFERENCE ON CONSUMPTION AND ECONOMIC DEVELOPMENT (1955) •


KTRK, Hazel

A THEORT OF OONSIMPTION. Hart, Sehaffner & Marx Prize Essays, XXXV. Boston: Houghton Mifflin, 1925. Pp. xiv, 298.


LUBELL, Harold

"Effects of redistribution of income on consumers' expenditures," AMERICAH ECONOMIC REVIEW, vol. 37, March 194-7, pp. 157-170.

means of increasing consumers' expenditures by redistributing current income.


MACK, Ruth P.

Trends in American consumption and the aspiration to consume, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, Vol. 46, May, 1956, pp. 55-68.

Discussion: Robert Ferber, pp. 8^-6.


METZLER, Lloyd A.

Wealth, saving, and the rate of interest, JOURNAL OF POLITICAL ECONOMY, LIX, April, 1951, pp. 93-116.


MITZNITSKY, Marie

Economic effects of changes in consumers1

demand, SOCIAL RESEARCH, I, 1934, pp. 199-218,


MORGAN, Theodore

CONSUMER ECONOMICS. New York: Prent ice -Hal l , April 1955.


MORISHIMA, Michio

Consumer s behavior and liauidity preference, ECONOMETRICA, Vol. 20, April, 1952, pp. 223-2^6.


MORISHIMA, Michio

"Consumer's Behavior and Liquidity Preference," ECONOMETPICA, XX, April, 1952.


NORRIS, Ruby Turner

THE THEORY OF CONSUMER'S DEMAND. New Haven: Yale University Press,

2d rev. ed., 1952. Pp. xiv, 237.


NORMS, Ruby Turner

THEORY OF CONSUMER'S DEMAND. New Haven: Yale Univers i ty Press ,

2d rev. e d . , 1952.


OGBUKN, William F.

"Analysis of the standard of Living of the District of Columbia in 1916," JOUMAL OF THE AMERICAN STATISTICAL ASSOCIATION, Vol. 16, June, 1919, pp. 374-389.


PARADISO, L. J. and WINSTON, C.

Consumer expenditure-income patterns, SURVEI OF CURRENT BUSINESS, September, 1955.


POLAK, J. J.

Fluctuations in United States consumption, 1919-1932, REVIEW OF ECONOMIC STATISTICS, XXI,

1939, pp. 1-12.


ROBBINS, LIONEL

"Consumption and the Trade Cycle" EC. Vol XII, No. 38, November, 1932


SCITOVSKY, Tibor de

Capital accumulation, employment and price rigidity, EEVIEW OF ECONOMIC STUDIES, VIII, February, 19U, pp. 69-88.

Consumer behavior"—relation between wealth and consumption


SMTVR, Harlan M,

•The savings problem,» in SAVING8 IR THE MODEFK ECONOMY (ed. by W. W. Heller, F. M. Boddy, and C. i . Nelson). Minneapolis, University of Minnesota Press 1953.


STAEHLE, Hans

The reaction of consumers to changes in prices and income: a quant i ta t ive study in immigrants1

behavior, ECONOMETRICA, Vol. 2, January, 1934, pp. 59-72.

consumers1 behavior


fe»iv«»-

MY^OR Char!** r.


TINBERGEN, Jan

Does consunotion l a g behind incomes? REVIEW OF ECONOMIC STATISTICS, XXIV, No. 1 , Feb. 1942, pp. 1-8.


¥ALLIS, V. Allen

The temporal stability of consumption pattern, REVIEW OF ECONOMIC STATISTICS, XXIV, November, 1942, pp. 177-183.


WRIGHT, David McC.

Professor Metzler and the rate of interest , JOURNAL OF POLITICAL ECONOMY, Vol. LX, No. 3 , June, 1952, pp. 247-49; A Reply by L. A. Metzler, pp. 249-52.


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theory of consumer behavior - st. louis fed

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