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The economic debate on existence and definition of the middle class has become particularly lively in many developing countries. Despite this growing interest, the identification of the middle class group in these countries remains quite challenging. Building on a recently developed framework to...
Persistent link: https://www.econbiz.de/10012972027
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in … ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures …
Persistent link: https://www.econbiz.de/10012984779
Our data indicate significantly steeper declines in nondurable expenditures in the UK compared to the US in spite of … paths, housing ownership and expenses, levels and paths of health status, and out-of -pocket medical expenditures. Among all …
Persistent link: https://www.econbiz.de/10014135181