Costa-Font, Joan; Gemmill, Marin; Rubert, Gloria - Facultat d'Economia i Empresa, Universitat de Barcelona - 2008
is a luxury good, this conclusion is contentiously debated due to heterogeneity of the existing results. This paper tests … the luxury good hypothesis using meta-regression analysis, taking into consideration publication selection, precision, and … estimates range from 0.26 to 0.84, although we cannot reject the luxury good hypothesis for some of the performed corrections. …