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Persistent link: https://www.econbiz.de/10005687734
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...
Persistent link: https://www.econbiz.de/10005812737