Gardes, Francois; Starzec, Christophe - Amsterdams Instituut voor ArbeidsStudies (AIAS), … - 2004
Engel curves suffer from the fact that habit or addiction effects are not taken into account on cross sections. Also, income effects may differ between social groups, and cross-section parameters may be biased relatively to time-series estimations. We propose to estimate dynamic Engel curves on...