search query: @author Mukhopadhyay, A. / total: 1
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| Author: | Mukhopadhyay, A. |
| Title: | Are Haligonians Ricardian? A survey of households' saving response to the government's budget deficits |
| Journal: | Journal of Socio-Economics
1994 : VOL. 23:4, p. 457-477 |
| Index terms: | HOUSEHOLD ECONOMICS SAVINGS BUDGET |
| Language: | eng |
| Abstract: | The Ricardian Equivalence Theory claims that an increase in government's budget deficit is exactly offset by an equivalent increase in current private saving, that people anticipate higher taxes in the future as a result of the present deficit, and save more now. This study surveys two random samples in of households in Halifax, Canada, to investigate if they actually behave this way. The result of the survey suggests that people pay little attention to government's budget deficits in deciding their own savings. |
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