search query: @author Blundell, R. / total: 18
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Author: | Banks, J. Blundell, R. Lewbel, A. |
Title: | Quadratic engel curves and consumer demand |
Journal: | Review of Economics and Statistics
1997 : NOV, VOL. 79:4, p. 527-539 |
Index terms: | STATISTICS ECONOMICS CONSUMER DEMAND |
Language: | eng |
Abstract: | This paper presents a model of consumer demand that is consistent with the observed expenditure patterns of individual consumers in a long time series of expenditure surveys and is also able to provide a detailed welfare analysis of shifts in relative prices. A nonparametric analysis of consumer expenditure patterns suggests that Engel curves require quadratic terms in the logarithm of expenditure. |
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