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Gorman's class of Engel curve demand models is extended to incomplete demand systems. The Gorman class of aggregable incomplete demand systems admits any transformation of deflated income. A maximum rank of three for the demand equations is a corollary of Slutsky symmetry. Models of incomplete...
Persistent link: https://www.econbiz.de/10005702576
We use a new method to estimate China’s income distributions based on publicly available interval summary statistics from China’s largest national household survey. We examine rural, urban, and overall income distributions for each year from 1985-2001. By estimating the entire...
Persistent link: https://www.econbiz.de/10005342276