dc.contributor.author | Lyssiotou, Panayiota Flori | en |
dc.contributor.author | Pashardes, Panos | en |
dc.contributor.author | Stengos, Thanasis | en |
dc.creator | Lyssiotou, Panayiota Flori | en |
dc.creator | Pashardes, Panos | en |
dc.creator | Stengos, Thanasis | en |
dc.date.accessioned | 2019-05-03T05:22:29Z | |
dc.date.available | 2019-05-03T05:22:29Z | |
dc.date.issued | 2008 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/47563 | |
dc.description.abstract | We consider the effects of demographic and expenditure variables on consumer demand in a system of Engel curves using a smooth coefficient semiparametric model where the expenditure effects on the budget shares vary nonparametrically with demographic variables such as the age of head and number of children in the household. Our findings, based on UK micro data, suggest that with a smooth coefficient semiparametric model there is no need for nonlinear logarithmic expenditure effects in the budget shares. Furthermore, we find evidence of a trade-off between demographic and expenditure effects in Engel curves and that a rank-2 system of Engel curves where the logarithmic expenditure effects are allowed to vary with demographic characteristics either nonparametrically or as a third degree polynomial function cannot be rejected against a rank-3 (quadratic logarithmic) model. The implications on household behavior and welfare are also examined. © Springer Verlag 2007. | en |
dc.language.iso | eng | en |
dc.source | Empirical Economics | en |
dc.subject | United Kingdom | en |
dc.subject | Europe | en |
dc.subject | trade-off | en |
dc.subject | microeconomics | en |
dc.subject | model | en |
dc.subject | Eurasia | en |
dc.subject | consumption behavior | en |
dc.subject | ranking | en |
dc.subject | Preference heterogeneity | en |
dc.subject | demand analysis | en |
dc.subject | household expenditure | en |
dc.subject | Western Europe | en |
dc.subject | Demand systems | en |
dc.subject | demography | en |
dc.subject | preference behavior | en |
dc.subject | Rank test | en |
dc.title | Demographic versus expenditure flexibility in Engel curves | en |
dc.type | info:eu-repo/semantics/article | |
dc.identifier.doi | 10.1007/s00181-007-0120-y | |
dc.description.volume | 34 | |
dc.description.startingpage | 257 | |
dc.description.endingpage | 271 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.contributor.orcid | Lyssiotou, Panayiota Flori [0000-0001-6007-3023] | |
dc.description.totalnumpages | 257-271 | |
dc.gnosis.orcid | 0000-0001-6007-3023 | |