The consumption-income ratio and its variability during the business cycle: a heterogeneous agent case

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86093894" target="_blank" >RIV/61989100:27510/15:86093894 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The consumption-income ratio and its variability during the business cycle: a heterogeneous agent case

Popis výsledku v původním jazyce

In this paper we use a simpli ed agent based model to monitor the consumption-income ratio during the business cycle. We distinguish among heterogeneous households with di erent incomes determined by labor structure with various tier-workers. The model is capable to generate cyclic movement of economic activity according to the level of economic sentiment in the society. We compare the consumption-income ratio and its variability during the busi- ness cycle for di erent tier workers. We found out that lower-income workers have in general higher consumption-income ratio. The cyclical movement of economic activity a ects mainly private incomes of higher-tier workers, there- fore increases the variability of their consumption-income ratio, even with the high level of savings. In addition, we found out that the consumption-income ratio for tier workers is countercyclic.

Název v anglickém jazyce

The consumption-income ratio and its variability during the business cycle: a heterogeneous agent case

Popis výsledku anglicky

In this paper we use a simpli ed agent based model to monitor the consumption-income ratio during the business cycle. We distinguish among heterogeneous households with di erent incomes determined by labor structure with various tier-workers. The model is capable to generate cyclic movement of economic activity according to the level of economic sentiment in the society. We compare the consumption-income ratio and its variability during the busi- ness cycle for di erent tier workers. We found out that lower-income workers have in general higher consumption-income ratio. The cyclical movement of economic activity a ects mainly private incomes of higher-tier workers, there- fore increases the variability of their consumption-income ratio, even with the high level of savings. In addition, we found out that the consumption-income ratio for tier workers is countercyclic.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Výzkumný tým pro modelování ekonomických a finančních procesů na VŠB-TU Ostrava</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Mathematical Methods in Economics, MME 2015 : 33rd international conference : conference proceedings : Cheb, Czech Republic, September 9-11, 2015

ISBN

978-80-261-0539-8

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

931-936

Název nakladatele

University of West Bohemia

Místo vydání

Plzeň

Místo konání akce

Cheb

Datum konání akce

9. 9. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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