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Persistent link: https://www.econbiz.de/10010489939
Engel's law is known to be extraordinarily consistent across time and space. Accordingly, it has been widely used to determine poverty. However, also among the poorest, a certain amount of non food spending is necessary. To substantiate the distinction between necessities and luxuries, already...
Persistent link: https://www.econbiz.de/10010291824
Engel's law is known to be extraordinarily consistent across time and space. To substantiate the distinction between necessities and luxuries, already Ernst Engel (1895) approached a behaviorally founded comprehensive assessment of structural changes in consumer expenditures. To build upon...
Persistent link: https://www.econbiz.de/10010730084
Engel's law is known to be extraordinarily consistent across time and space. Accordingly, it has been widely used to determine poverty. However, also among the poorest, a certain amount of non food spending is necessary. To substantiate the distinction between necessities and luxuries, already...
Persistent link: https://www.econbiz.de/10010551529