English, Article, Journal or magazine article edition: An Exploratory Analysis of the Effect of Current Income on the Relative Change in Aggregate Consumption: A Heterogeneous Household Approach Manisha Chakrabarty; Anke Schmalenbach

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/52772
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • An Exploratory Analysis of the Effect of Current Income on the Relative Change in Aggregate Consumption: A Heterogeneous Household Approach
Author
  • Manisha Chakrabarty
  • Anke Schmalenbach
Physical Description
  • preprint
Notes
  • This paper attempts to find out the explanatory power of observed changes in the distribution of current income in explaining the relative change in aggregate consumption using the distributional approach of aggregation by Hildenbrand and Kneip (1999, 2001). The coefficients in the aggregate relation in each period can be estimated from cross-section data as an average derivative of the individual consumption relation without requiring a specific functional form of this relation and the time-invariance property needed in the time-series model of Davidson et al. (1978). We use the nonparametric Direct Average Derivative Estimation technique to estimate these coefficients of the aggregate relation in the Family Expenditure Survey of UK [1974-1993]. It turns out that for most of the commodity groups the inclusion of dispersion in the income distribution, in addition to the mean, improves the predictive power of the model.
  • Aggregate Consumption, Income Distribution, Heterogeneity, Average Derivative Estimator, Representative Agent Model
  • RePEc:bon:bonedp:bgse31_2001
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment