AFFLUENCE AND FOOD A Simple Way to Infer Incomes

Accurate and timely measures of cross-country real incomes are still a rarity. As the share of expenditure devoted to food is readily available, we use of Engel’s law in reciprocal form to measure affluence. Analysis of real income data for the OECD countries indicates that this approach is viable. To recognise the role of uncertainty in the analysis, we present the results in the form of stochastic cross-country income comparisons.

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Year of publication:	2009
Authors:	Clements, Kenneth W ; Chen, Dongling
Institutions:	Department of Economics, Business School

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Extent:	application/pdf
Series:	Economics Discussion / Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 09-08 50 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008539813