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Chapter 68 Models of Aggregate Economic Relationships that Account for Heterogeneity
Blundell, Richard; Stoker, Thomas M. - In: Handbook of econometrics : volume 6A, (pp. 4609-4666). 2007
, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity … at the individual level. Three types of heterogeneity are highlighted: heterogeneity in individual tastes, heterogeneity … in income and wealth risks, and heterogeneity in market participation. Work in each area is illustrated using results …
Persistent link: https://www.econbiz.de/10014024947
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Biases in consumer elasticities based on micro and aggregate data: An integrated framework and empirical evaluation
Denton, Frank T.; Mountain, Dean C. - 2015
Policy analysis frequently requires estimates of aggregate (or mean) consumer elasticities. However, estimates are often made incorrectly, based on elasticity calculations at mean income. We provide in this paper an overall integrated analytical framework that encompasses these biases and...
Persistent link: https://www.econbiz.de/10011335833
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Aggregation and other biases in the calculation of consumer elasticities for models of arbitrary rank
Denton, Frank T.; Mountain, Dean C. - 2011
Consumer-related policy decisions often require analysis of aggregate responses or mean elasticities. However, in practice these mean elasticities are seldom used. Mean elasticities can be approximated using aggregate data, but that introduces aggregation bias for full and compensated price...
Persistent link: https://www.econbiz.de/10010289655
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Biases in consumer elasticities based on micro and aggregate data : an integrated framework and empirical evaluation
Denton, Frank T.; Mountain, Dean C. - 2015
Policy analysis frequently requires estimates of aggregate (or mean) consumer elasticities. However, estimates are often made incorrectly, based on elasticity calculations at mean income. We provide in this paper an overall integrated analytical framework that encompasses these biases and...
Persistent link: https://www.econbiz.de/10010498377
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Aggregation and Other Biases in the Calculation of Consumer Elasticities for Models of Arbitrary Rank
Denton, Frank T.; Mountain, Dean C. - Department of Economics, McMaster University - 2011
Consumer-related policy decisions often require analysis of aggregate responses or mean elasticities. However, in practice these mean elasticities are seldom used. Mean elasticities can be approximated using aggregate data, but that introduces aggregation bias for full and compensated price...
Persistent link: https://www.econbiz.de/10009324085
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Consumer Demand and Labor Supply (scanned out-of-print 1981 Elsevier book)
Barnett, William - Department of Economics, University of Kansas - 2005
The following highly-cited research monograph, although widely available in libraries, is now out of print: William A. Barnett, Consumer Demand and Labor Supply, North Holland, Amsterdam, 1981. In case you do not have access to the printed book, I have scanned it and put it online below. Since...
Persistent link: https://www.econbiz.de/10005057411
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Biases in Consumer Elasticities Based on Micro and Aggregate Data: An Integrated Framework and Empirical Evaluation
Denton, Frank T.; Mountain, Dean C. - Department of Economics, McMaster University - 2015
Policy analysis frequently requires estimates of aggregate (or mean) consumer elasticities. However, estimates are often made incorrectly, based on elasticity calculations at mean income. We provide in this paper an overall integrated analytical framework that encompasses these biases and...
Persistent link: https://www.econbiz.de/10011144258
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Functional Structure and Approximation in Econometrics (book front matter)
Barnett, William A.; Binner, Jane; Diewert, W. Erwin - EconWPA - 2005
This is the front matter from the book, William A. Barnett and Jane Binner (eds.), Functional Structure and Approximation in Econometrics, published in 2004 by Elsevier in its Contributions to Economic Analysis monograph series. The front matter includes the Table of Contents, Volume...
Persistent link: https://www.econbiz.de/10005119212
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Household Semi-Public Goods and the Estimation of Consumer Equivalence Scales: Some First Steps
Bradbury, Bruce - EconWPA - 1995
Models of household consumption used to estimate the relative needs of people living in different family types need to take account of economies of household size, price-like substitution effects and the allocation of consumption among the individuals of the household. No existing estimation...
Persistent link: https://www.econbiz.de/10005077071
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Calculating Compensation in Cases of Wrongful Death
Lewbel, Arthur - Department of Economics, Boston College - 2002
Death statutes in the United States list elements of loss for which a defendant must make compensatory payment. The element that economists as expert witnesses are called upon to calculate is net income, roughly defined as the decedent's income minus personal expenses. The existence of joint or...
Persistent link: https://www.econbiz.de/10005053279