Showing 1 - 9 of 9
Individuals may be poor even if their household is not poor, because the intra-household distribution of resources may be unequal. We develop a model wherein the resource share of each person in a collective household - defined as their share of household consumption - may be estimated by simple...
Persistent link: https://www.econbiz.de/10012265317
Individuals may be poor even if their household is not poor, because the intra-household distribution of resources may be unequal. Dunbar, Lewbel and Pendakur (2013) develop a model wherein the resource share of each person in a collective household - defined as their share of total household...
Persistent link: https://www.econbiz.de/10012265336
We present a new class of social cost-of-living indices and a nonparametric framework for estimating these and other social cost-of-living indices. Common social cost-of-living indices can be understood as aggregator functions of approximations of individual cost-of-living indices. The Consumer...
Persistent link: https://www.econbiz.de/10005037501
We present a new class of social cost-of-living indices and a nonparametric framework for estimating these and other social cost-of-living indices. Common social cost-of-living indices can be understood as aggregator functions of approximations of individual cost-of-living indices. The Consumer...
Persistent link: https://www.econbiz.de/10010293033
Both direct utility function and Frisch cost function representations of demand system rank are derived. The results are used to construct a revealed preference (GARP) type test of rank. They are also used to derive results involving block separability, additive separability, and the class of...
Persistent link: https://www.econbiz.de/10005509517
Significant departures from log normality are observed in income data, in violation of Gibrat’s law. We identify a new empirical regularity, which is that the distribution of consumption expenditures across households is, within cohorts, closer to log normal than the distribution of income. We...
Persistent link: https://www.econbiz.de/10010292940
<p>Significant departures from log normality are observed in income data, in violation of Gibrat's law. We identify a new empirical regularity, which is that the distribution of consumption expenditures across households is, within cohorts, closer to log normal than the distribution of income. We...</p>
Persistent link: https://www.econbiz.de/10005811385
Persistent link: https://www.econbiz.de/10005727564
The Hicks-Leontief composite commodity theorem permits aggregation of sets of goods that have identical price movements into composite groups of goods, each of which can be treated like a single good for demand analysis. Here Hicks-Leontief is generalized by permitting composite commodities to...
Persistent link: https://www.econbiz.de/10005227021