Beyond the Elasticity: How the Tax Wedge Improves Predictions of Durable Spending
Beschreibung
Durable goods, such as cars, appliances, and furniture, differ significantly from non-durable goods in terms of purchasing patterns. Consumers don't buy them frequently, and the decision to purchase i ...
Durable goods, such as cars, appliances, and furniture, differ significantly from non-durable goods in terms of purchasing patterns. Consumers don't buy them frequently, and the decision to purchase is often driven by a complex interplay of factors beyond just income. These factors include:
Replacement Needs: Durable goods eventually wear out and need replacing. This replacement demand can be somewhat independent of income fluctuations.
Financing Options: Durable goods often have high upfront costs, leading to reliance on credit and loan terms. Interest rates and down payment requirements can significantly impact purchasing decisions.
Durability and Technological Advancements: The lifespan of durable goods is increasing, leading to longer replacement cycles. Additionally, rapid technological advancements can influence upgrade decisions.
Details
- Auflage: 0
- Veröffentlichungsdatum: 08.07.2024
- Von Shiva
- Sprache: Englisch
- ISBN: 978-3-384-28311-5
- Seiten: 88
- Maße und Beschnitt: 15,5 x 23,4 cm
- Gewicht: 161,8g
- Produktionszeit: 5 Werktage
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