The standard of living of persons and households is not only a matter of income, but ultimately depends on the level and quality of their consumption in terms of goods and services purchased. Consumption expenditures can be regarded as the result of decisions based on the demand, preferences and limited economic resources, and are thus manifestations not only of different lifestyles, but also of inequality, ...
In:
International Review of Economics
62 (2015), 2, 101-119
| Heinz-Herbert Noll, Stefan Weick