0 the money that you can spend as you want and not the money that you spend on taxes, food, and other basic needs --
1 the income that someone has available to spend or save after taxes have been taken out and they have paid for food and other basic needs: --
An increase in taxes has a contractionary effect on private consumption since it reduces household disposable income.
Disposable income is converted to 1997 prices using the consumer price index.
Another possible explanation, especially for going out for breakfast, is that older men have more disposable income than older women.
Teenagers, who now really did have unprecedented disposable income, were able to act as the agents to dissolve traditional social identities.
In our data set, we have information concerning the disposable income of the household in the interview year.
The poverty rate based on disposable income adjusted for family size serves as a measure for the situation after transfers and taxes.
As the tax rate on labor declines and disposable income rises, there is an increase in the incentive to become skilled.
Under both policies, the real disposable income of all the quintiles decreases, however when the corporate tax is reduced the lower quintiles lose more.
