Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

Home Page
Programme
Papers
Presenters
 
Contact Us
Search this CD-ROM for: View the Latest Programme Information

AN EXPLORATORY ANALYSIS OF THE EFFECT OF CURRENT INCOME ON THE RELATIVE CHANGE IN AGGREGATE CONSUMPTION: A HETEROGENEOUS HOUSEHOLD APPROACH


Category: Econometrics
CONSUMPTION I
Sunday 25th August 2002, 09:30 - 11:00, Room: 4.1
Session Chair(s): Kris Jacobs, McGill University, CANADA

Presenter(s): Schmalenbach, Anke

Co-Author(s): Chakrabarty, Manisha

Keyword(s): Aggregate Consumption, Average Derivative Estimator, Heterogeneity, Income Distribution, Representative Agent Model.

JEL(s): C14, C52, D12, E21

Abstract:

This paper attempts to discover the explanatory power of changes in the distribution of current income in explaining the relative change in aggregate consumption using a distributional approach of aggregation. The coefficients in the aggregate relation can be estimated separately from cross-section data as an average derivative of the individual consumption relation without requiring a specific functional form of this relation. We employ the nonparametric Direct Average Derivative Estimation Technique to estimate these coefficients using the British Family Expenditure Survey. It turns out that for most commodity groups the inclusion of dispersion in the income distribution, besides the mean, improves the predictive power of the model.


View Paper

View PDF File

Filesize: 1.1 MB
Find this file in the
\Papers\1320\
folder of this CD-ROM.

Latest Details
View this paper in the
online Programme

Customise
Customise your Event Programme to include your favourite papers, and email details of papers to friends and colleagues with the
online Programme


Paper Reference Number: 1320

TOP OF PAGE
HOME
Econometric Society
57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

WebMeets.com Event Management LLP
Congress Home Page: http://www.eea-esem2002.it/
Programme Home Page: http://www.eea-esem.com/EEA-ESEM/ESEM2002/Prog/
Programme and CD generated with WebMeets.com Programme Management Software
Congress Programme Organized by FEEM

This page was created on Tuesday, 9th July 2002 at 19:22 GMT.