Accurate and timely measures of cross-country real incomes are still a rarity. As the share of expenditure devoted to food is readily available, we use of Engel’s law in reciprocal form to measure affluence. Analysis of real income data for the OECD countries indicates that this approach is...

Accurate and timely measures of cross-country real incomes are still a rarity. As the share of expenditure devoted to food is readily available, we use Engel's law in reciprocal form to measure affluence. Analysis of real income data for over 100 countries indicates that this approach is viable....

We fit the Florida Model with an AR(1) error structure to pooled cross-country International Comparison Project (ICP) data of Seale, Walker, and Kim and estimate the model with the minimum information (MI) estimator. Point estimates obtained by MI are similar in value to those obtained by Seale,...