The Intergenerational Correlation of Consumption Expenditures

Intergenerational Correlation of Consumption Expenditures

The measurement of household consumption expenditures

Household-level data on consumer expenditures underpins a wide range of empirical research in modern economics, spanning microand macroeconomics. This research includes work on consumption and saving, on poverty and inequality, and on risk sharing and insurance. We review different ways in which such data can be collected or captured: traditional detailed budget surveys, less onerous survey pro...

Government Consumption Expenditures and the Current Account

This paper distinguishes between two components of government consumption, expenditure on final goods and expenditure on hours, and compares the effects of changes in these two on the current account. I find that changes in government expenditure on hours do not directly affect the current account and that their impact is considerably smaller than the impact produced by changes in government ex...

Structural Estimates of the Intergenerational Education Correlation

Structural Estimates of the Intergenerational Education Correlation Using a structural dynamic programming model, we investigate the relative importance of family background variables and individual specific abilities in explaining cross-sectional differences in schooling attainments and wages. Given scholastic ability, household background variables (especially parents' education) account for ...

The Effects of Social Characteristics of Iranian Households on Food Consumption Expenditures

By using the household data on food consumption, income and other social indicators including activity status, age, literacy, place of residence employment, and marital status, this paper aims to investigate the transitory impact of temporary and permanent income shocks on food consumption in Iran over the period 2009-2014. To study the deterministic effects of the household on food consumption...