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The problem addressed in this article is the bias to income and expenditure elasticities estimated on pseudo-panel data caused by measurement error and unobserved heterogeneity. We gauge empirically these biases by comparing cross-sectional, pseudo-panel and true panel data from both Polish and...
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This paper contributes to the discussion of the compatibility of consumers' behavior in "real" life with GARP. Within expenditure panel data we observe a relatively low rate of violation (240 out of 3630 households). We show that these violations do not imply an "irrational" behavior of the...
Persistent link: https://www.econbiz.de/10010738461
This paper analyzes characteristics of the informal economy in Poland in the context of transition, using a specific survey carried out in the framework of the classic Labour Force Survey, conducted by the Polish National Statistical office (GUS), in 1995. The participation probabilities of...
Persistent link: https://www.econbiz.de/10010738491
The paper analyzes characteristics of the informal economy in Poland in the context of transition using a specific survey carried out in the frame of the classic Labor Force Survey 1995 by the Polish National Statistical office (GUS). The participation probabilities of three types of informal...
Persistent link: https://www.econbiz.de/10010738533
Cet article discute de la compatibilité du comportement des consommateurs dans la vie réelle avec l'axiome GARP. A partir du panel polonais de 1987 à 1990, nous montrons que seulement 240 des 3630 ménages violent GARP. Ces violations ne semblent néanmoins pas indiquer un comportement...
Persistent link: https://www.econbiz.de/10010738558
The presence of rationing or more generally of the situations of constrained demand can make the traditional methods of measuring inflation questionable and give an erroneous image of the reality. In this paper, we use the virtual price approach (Neary, Roberts, 1980) to estimate the real...
Persistent link: https://www.econbiz.de/10010775704
The statistical match of a Family Budgets survey and Time Use survey (INSEE 2000) makes possible, once evaluated the cost of the time, the estimation of the full expenditure of household integrating the value of the domestic production and the monetary expenditure. The full cost of the child...
Persistent link: https://www.econbiz.de/10010775748