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- W3122003105 abstract "Using data from the US Consumer Expenditure Survey (CE) from 1998 to 2010, we estimate a demand system for non durable goods, under dierent assumptions regarding the behaviour of households. Thanks to the unique features of the CE, which records labour supply and information on durables together with income and demand, we are able to look at how assumptions of full intertemporal separability and separability of durables from non durables impact the demand estimation. We test, and reject, the separability assumptions and show how relaxing them aects the magnitude of the estimated income and price elasticities. This exercise illustrates the importance of building on the strengths of the CE as a comprehensive source of quanti…ed information on household behaviour if it is to ful…ll its goal of providing government and policy makers with information on the impact of policy on household behaviour and welfare." @default.
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- W3122003105 date "2014-01-01" @default.
- W3122003105 modified "2023-09-27" @default.
- W3122003105 title "Using the CE to Model Household Demand" @default.
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