The marginal propensity to save and the marginal propensity to consume are both measurements relative to the amount of expendable income in the budget of individuals and businesses alike. The ...

The marginal propensity to consume (MPC), or the ratio of the change in aggregate consumption compared to the change in aggregate income, is a key component of Keynesian macroeconomic theory. In the ...

This is a preview. Log in through your library . Journal Information Founded in 1933 by a group of young British and American economists, The Review of Economic Studies aims to encourage research in ...

This study has demonstrated the use of a type 2 tobit model to impute the incomes for nonresponding households. The imputed incomes generated from the type 2 tobit model for nonresponding households ...