Acerenza, Santiago; Gandelman, Nestor - In: Estudios de Economía 46 (2019) 1, pp. 125-148
Engel equations and present stylized facts regarding cultural spending. Culture activities are a key indicator of a society … find that culture behaves as a luxury good with income (expenditure) elasticities of cultural spending around 2. Further … household heads allocate a lower share of the budget to culture. …