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Determinants of household expected real income growth in the U.S.A.
Authors:Y REGINA CHANG  SHERMAN HANNA
Abstract:This study explores factors related to household income growth in a two-period timeframe. using data from the 1983 and I986 Survey of Consumer Finances. Regression results explain 81% of the variation in household income. Household income in the first period, age, marital status, education, job status and occupation were found to be important determinants of various levels of household real income growth. Implications for consumer education, financial planning, family economics and welfare policy are discussed.
Keywords:
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