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Since 1970, housing's relative price, share of expenditure, and ``unaffordability'' have all grown. We estimate housing demand using a novel compensated framework over space and an uncompensated framework over time. Our specifications pass tests imposed by rationality and household mobility....
Persistent link: https://www.econbiz.de/10012979369
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Since 1970, housing's relative price, share of expenditure, and ``unaffordability'' have all grown. We estimate housing demand using a novel compensated framework over space and an uncompensated framework over time. Our specifications pass tests imposed by rationality and household mobility....
Persistent link: https://www.econbiz.de/10012455864
Persistent link: https://www.econbiz.de/10009657561
Persistent link: https://www.econbiz.de/10003805196
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This paper proposes a finite mixture model (FMM) to model the behavioral transition of calorie consumption with an assumption that nutrition consumption is a mixture of two different behavioral stages: a poor stage and an affluent stage. Based on 387 calorie-income elasticities collected from 90...
Persistent link: https://www.econbiz.de/10010353355
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Although urban China has experienced a rapid income growth over the last twenty years, nutrition intake for the low income group declined in the 1990s. Does this imply a zero or negative income elasticity for the low income group? This paper examines this issue using large representative sample...
Persistent link: https://www.econbiz.de/10002540801