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Working Wives and the Marginal Propensity to Consume Food Away from Home
Author(s) -
Kinsey Jean
Publication year - 1983
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1240332
Subject(s) - marginal propensity to consume , economics , tobit model , food away from home , transfer payment , permanent income hypothesis , asset (computer security) , labour economics , household income , demographic economics , propensity score matching , low income , econometrics , geography , monetary economics , market economy , computer security , archaeology , market liquidity , computer science , welfare , statistics , mathematics
Contrary to predictions from the new household economics theory and heuristic thought, income earned by wives working full time did not increase the marginal propensity to consume food away from home. Tobit estimates of the same propensity from other income sources in married U.S. households in 1978 showed that income earned by part‐time working wives and children, asset income, and transfer payments increased this propensity above that from husband's labor income. Whites had higher expenditures, higher marginal propensities to consume, and lower income elasticities for food away from home than nonwhites.