Economics, Econometrics and Finance
7 years ago

Nigeria's Consumption Habits Revealed: How Income Impacts Spending Decisions!

MPRA Paper
Income and Household Consumption Expenditure in Nigeria
Abayomi Toyin Onanuga, Michael Oshinloye, Olaronke Onanuga

Paper Summary

Related papers

Theme background image
Energy
4 years ago

New Study Reveals Key Factors Driving Consumption Habits in Developing Economies

Rebound Effect
Macroeconomic Analysis
Economics, Econometrics and Finance
5 years ago

South Africa's Consumption Habits Challenge Traditional Economic Theories

Infrastructure Impact
Rebound Effect
Economics, Econometrics and Finance
7 years ago

Rural Indian households save more with higher income levels, study finds.

Microfinance
Retirement Planning
Risk Management
1 view

The article looks at how people in Nigeria spend their money based on their income. By using a theory from Keynes, the researchers found that people in Nigeria tend to spend about 64% of their income. In the short term, people spend less of their income than in the long term. This means that as people earn more money over time, they don't necessarily spend more of it.