Beyond the Elasticity: How the Tax Wedge Improves Predictions of Durable Spending
Shiva
Produktnummer:
18d6d36f0627ba4a058cfbeb0101512ce0
| Autor: | Shiva |
|---|---|
| Themengebiete: | Durable Spending Forces Forecasts pen_spark Leveraging Matters Nuanced Approach Optimizing Forecasts Predictions Spending Tax Wedge |
| Veröffentlichungsdatum: | 08.07.2024 |
| EAN: | 9783384283115 |
| Sprache: | Englisch |
| Seitenzahl: | 88 |
| Produktart: | Kartoniert / Broschiert |
| Verlag: | tredition |
Produktinformationen "Beyond the Elasticity: How the Tax Wedge Improves Predictions of Durable Spending"
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.
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