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This paper revisits Ernst Engel's (1857) original article in which he systematically in-vestigated the relationship between consumption expenditure and income. While he ismainly remembered today for the discovery of Engel's law, we highlight how Engel ad-dressed in a particular way the issue of...
Persistent link: https://www.econbiz.de/10005865885
Certain properties of Engel curves have been linked to the occurrence of structural changein the economy (Pasinetti 1981, Metcalfe et al. 2006, Saviotti 2001). From an empiricalperspective, however, very little has been done to examine (i) whether indeed satiation isa general property of Engel...
Persistent link: https://www.econbiz.de/10005867745