Journal article
On the distributional effects of income in an aggregate consumption relation
Abstract
Abstract In this paper we analyse the influence of characteristics of the income distribution in modelling aggregate consumption expenditure. We model the aggregate consumption relation of a heterogeneous population, using a statistical distributional approach of aggregation, and apply it to UK‐Family Expenditure Survey data. A bootstrap test based on a non‐parametric estimation methodology, which accounts for the presence of continuous and …
Authors
Chakrabarty M; Schmalenbach A; Racine J
Journal
Canadian Journal of Economics/Revue canadienne d économique, Vol. 39, No. 4, pp. 1221–1243
Publisher
Wiley
Publication Date
November 2006
DOI
10.1111/j.1540-5982.2006.00388.x
ISSN
0008-4085