"You have to ask yourself, like every other durable consumption asset, is the cost of maintaining the second house at the shore worth the enjoyment you get from it?" Mr. Egan said.
In the short run, the technology should pave the way for increased consumption, asset accumulation, and reduced persistent poverty among users.
Combining (22), (26) with initial and terminal conditions we can find the time paths of consumption and assets.
Khandker and Samad (2013) show that in the long term access to microfinance has helped increase income, consumption and assets for MFI members.
Significantly, unconditional cash transfers can create powerful network effects -- increasing spending and consumption, increasing assets, and enhancing investments in small businesses.
CHE could force households and their family members to cut back on other consumption, sell assets, make an overdraft on future life, and even be trapped in a long-term debt [ 11].
Rising unemployment, weak consumption, falling asset values, masses of debts and an attitude to restructuring that even optimists might describe as optimistic have led to a surge in bankruptcies and financial instability.
The result is known variously as "collaborative consumption", the "asset-light lifestyle", the "collaborative economy", "peer economy", "access economy" or "sharing economy".Technology Quarterly Picture imperfect Coach potatoes Fool's platinum?
In addition, food consumption and asset indices are recommended as proxies for income.
Relative to consumption, an asset index is more likely to reflect longer-run household wealth or living standards, and is less likely to account for short-run interruptions or shocks to the household [ 32].
