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- W62213867 abstract "SUMMARY. This paper presents and discusses equivalence scales for the cost of children corrected for heteroscedasticity. The scales are based on the simplest theoretical approach, the semi-logarithmic specification of Engel’s model. Misspecification testing revealed the presence of significant heteroscedasticity. We corrected for heteroscedasticity establishing more efficient estimates for the calculation of equivalent scales. This is very important for the robustness of estimates since in finite samples efficiency is equally important to consistency. Comparison of corrected and uncorrected scales proves that it is unrealistic and rather dangerous to ignore the violation of the assumption of equal error variance." @default.
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- W62213867 date "1996-01-01" @default.
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- W62213867 title "EQUIVALENCE SCALES AND HETEROSCEDASTICITY" @default.
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