Excess Sensitivity and Financial Development in the Iranian Households

Excess Sensitivity and Financial Development in the Iranian Households

Aim and introduction The conventional notion of the permanent income hypothesis is that individuals aim to smooth their consumption over time, demonstrating resistance to fluctuations in income. This foundational concept assumes that individuals utilize savings or credit when faced with expected inc...

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Bibliographic Details
Main Authors: Amineh Mahmoudzadeh, Kamyab Rajabizadeh, Majid Einian
Format: Article
Language:fas
Published: Tarbiat Modares University 2024-12-01
Series:پژوهشهای اقتصادی
Subjects:
excess sensitivity of consumption
financial inclusion
liquidity constraints
consumption smoothing
Online Access:http://ecor.modares.ac.ir/article-18-71898-en.pdf
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