An assessment is made of the distributive effects of state subsidies to undergraduate education in public universities and community colleges in Illinois during 1989. The main finding is that the existing system of public subsidy to undergraduate education favors lower-income and middle-income groups. Public subsidies lead to redistribution of income from higher-income to lower-income and middl...

Income and price elasticity of demand quantify the responsiveness of markets to changes in income and in prices, respectively. Under the assumptions of utility maximization and preference independence (additive preferences), mathematical relationships between income elasticity values and the uncompensated own and cross price elasticity of demand are here derived using the differential approach ...

The capital income share exceeds the capital output elasticity if capital owners extract rents. Based on a sample of 111 countries during the period 1970-2010, this paper provides estimates of the capital output elasticity and compares these to countries' capital income shares. Three findings arise: (i) for the average country in the sample, the capital income share significantly exceeds the ca...

Impact of Income Growth and Economic Reform on Nutrition Intake in Urban China: 1986-2000 Although urban China has experienced a rapid income growth over the last twenty years, nutrition intake for the low income group declined in the 1990s. Does this imply a zero or negative income elasticity for the low income group? This paper examines this issue using large representative sample of repeated...

energy carriers including electricity play a critical role in human societies development, and as the time passes, their importance in the human socio-economic life rises. therefore, knowing electricity demand and the factors affecting on it could have an effective role in economic decision-making. while dividing electricity demand into different consuming sectors, this study uses economic vari...

This article uses recently published time series data for the Organization for Economic Cooperation and Development countries to estimate income elasticities for health care expenditures. Several different models and alternative specifications are examined to determine the sensitivity and robustness of the estimated relationships. Income is the dominant-determinant of health care spending and l...

OBJECTIVE To estimate the long-term and short-term effects on cigarette demand in Argentina based on changes in cigarette price and income per person >14 years old. METHOD Public data from the Ministry of Economics and Production were analysed based on monthly time series data between 1994 and 2010. The econometric analysis used cigarette consumption per person >14 years of age as the depende...

This paper introduces habit-forming preferences in a Barro-type endogenous growth model with productive public services. Government expenditure, which may be subject to congestion, is financed by distortionary income taxation. Different from the standard time-separable model, the presence of habits makes the economy feature transitional dynamics, which are solved in closed form. Setting the inc...