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Cross section consumer expenditure data are frequently used to make conclusions about consumer demand behavior. Such conclusions, however, can only be justified under certain assumptions, which are often left unstated in the empirical demand literature. An assumption of this type, the metonymy...
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It is shown how one can effectively use cross-section data in modelling the change over time in aggregate consumption expenditure of a heterogeneous population. The starting point of our aggregation analysis is a dynamic behavioral relation on the household level. Based on certain hypotheses on...
Persistent link: https://www.econbiz.de/10005085679
Engel's verbal formulation of his Law expresses a "negativ stochastic association" of the bivariate distribution of income and food share across the population. Among the many different definitions of association four are chosen: Kendall's tau, negative quadrant dependence, stochastically...
Persistent link: https://www.econbiz.de/10008490637
We study changes of the distribution of income, age, occupation, household size via their marginal and conditional densities. The data consists of cross sectional samples from the population of Brithish households drawn over the years of 1968 - 1995. Estimation is carried out nonparametrically...
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