Functional form of engel curves for foodstuffs
نویسندگان
چکیده
منابع مشابه
At the Origins of Engel Curves Estimation
This paper revisits Ernst Engel’s (1857) original article in which he systematically investigated the relationship between consumption expenditure and income. While he is mainly remembered today for the discovery of Engel’s law, we highlight how Engel addressed in a particular way the issue of the relation between statistical empirical analysis and economic theorizing. Inspired by an inductive ...
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This paper presents a model of consumer demand that is consistent with the observed expenditure patterns of individual consumers in a long time series of expenditure surveys and is also able to provide a detailed welfare analysis of shifts in relative prices. A nonparametric analysis of consumer expenditure patterns suggests that Engel curves require quadratic terms in the logarithm of expendit...
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We use shifts in food Engel curves among the U.S. elderly to estimate the extent of Consumer Price Index (CPI) bias specific to this population. Over the last thirty years the share of total expenditure devoted to food has declined more rapidly for elderly-headed households than for other households. This decline is not explained by a more rapid increase in measured total expenditure for the el...
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The structural consumer demand methods used to estimate the parameters of collective household models are typically either very restrictive and easy to implement or very general and dif cult to estimate. In this paper, we provide a middle ground. We adapt the very general framework of Browning, Chiappori and Lewbel (2007) by adding a simple restriction that recasts the empirical model from a hi...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 1986
ISSN: 0014-2921
DOI: 10.1016/0014-2921(86)90066-8