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of income elasticities, i.e. expenditure hierarchies, we show how this diversification process on the national level is … correlated with cultural norms, GDP and income inequality. We find that national expenditure hierarchies are relatively similar … tends to generate more niche consumption patterns by examining how rising income is positively correlated with demand …
Persistent link: https://www.econbiz.de/10013402052
food is readily available, we use of Engel's law in reciprocal form to measure affluence. Analysis of real income data for … present the results in the form of stochastic cross-country income comparisons …
Persistent link: https://www.econbiz.de/10012707276
This paper investigates the long-run economic relationship between health care expenditure and income in the world … in the form of either a common factor model or a spatial process. We estimate a global measure of income elasticity using … all countries in the sample, and for sub-groups of countries, depending on their geo-political area and income. Our …
Persistent link: https://www.econbiz.de/10011540773
Persistent link: https://www.econbiz.de/10011815944
Persistent link: https://www.econbiz.de/10013169262
To analyze the opioid epidemic, we construct a model where individuals, with and without pain, choose whether to misuse opioids knowing the probabilities of addiction and dying. These odds are functions of opioid use. Markov chains are estimated from the US data for the college and non–college...
Persistent link: https://www.econbiz.de/10014048609
Households’ welfare in developing countries has been hit by dramatic food prices increases which occurred between 2005 and 2008. In this paper, we adopt a partial equilibrium approach to analyze the short-time effects of a staple food price increase on nutritional attainments, as a measure of...
Persistent link: https://www.econbiz.de/10014197152
This paper proposes a quantitative framework to evaluate the impacts of broadband internet access on behavioral choices people make, and the consequences of these choices on the society as a whole. The framework includes regional household level choice models to predict behavioral shifts enabled...
Persistent link: https://www.econbiz.de/10014202666
In this paper, we use time-use surveys to examine trends in the allocation of time in five industrialized countries over the last thirty years. Adjusting for changing demographics, we find that leisure time across countries has converged over this period. Specifically, leisure time has declined...
Persistent link: https://www.econbiz.de/10014215642
Central banks are increasingly reaching out to the general public to motivate and explain their monetary policy actions. One major aim of this outreach is to guide inflation expectations; another is to ensure accountability and create trust. This article surveys a rapidly-growing literature on...
Persistent link: https://www.econbiz.de/10014079351