| Description |
1 online resource (x, 198 pages) : illustration (some color) |
| Contents |
880-01 A Different Way of Looking at Consumption Behavior -- Stability of The Internal Structure of Consumption Expenditures -- Stability of The Internal Structure of Consumption Expenditure II: Interpretation and Further Analyses -- Effects of A Change In Expenditures For One Good on Expenditures of Other Goods -- Background, Interpretation, and Speculation -- A Brief Look at Intra-Budget Coefficients by Quintiles of Consumption Expenditure -- Estimation of Price Elasticities With Data From The BLS Consumer Expenditure Surveys -- Summary, Conclusions, and Final Exercises -- Appendix 1 Data and Definitions -- Appendix 2 Distributions of Residuals and Differences In Expenditure and Budget-Share Coefficients -- Appendix 3 Data Used in Chapter 7 |
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880-01/(S Machine generated contents note: 1. Different Way of Looking at Consumption Behavior -- 1.1. Introduction -- 2. Stability of the Internal Structure of Consumption Expenditure -- 2.1. Introduction -- 2.2. Stability of the ξi Vectors -- 2.3. Stability of Individual Coefficients -- 3. Stability of the Internal Structure of Consumption Expenditure II: Interpretation and Further Analyses -- 3.1. Size and Strength of Intra-budget Coefficients -- 3.2. Interpretation -- 3.3. Income and Substitution Effects -- 3.4. Some Technical Considerations Relating to Data and Estimation -- 4. Effects of a Change in Expenditures for One Good on Expenditures of Other Goods -- 4.1. Introduction -- 4.2. Framework for Analysis -- 4.3. Changes in Total Expenditure -- 4.4. Reallocation of Expenditures -- 4.5. Some Further Analyses -- 4.6. Further Discussion and Interpretation -- 4.7. Conclusions -- 5. Background, Interpretation, and Speculation -- 5.1. From Tastes and Preferences to "Intra-budget" Coefficients -- 5.2. Exercises Involving "Pseudo" Dynamics -- 5.3. Interpretation of Exogenous Expenditures -- 5.4. Conclusion -- 6. Brief Look at Intra-budget Coefficients by Quintiles of Consumption Expenditure -- 6.1. Introduction -- 6.2. Intra-budget Coefficients for Quintiles of Expenditure -- 6.3. Measuring "Importance" of Categories -- 6.4. Summary and Conclusion -- 7. Estimation of Price Elasticities with Data from the BLS Consumer Expenditure Surveys -- 7.1. Introduction -- 7.2. Price and Total-Expenditure Elasticities Estimated from Fourth-Quarter CES Surveys, 1996--2010 -- 7.3. Comparison with Elasticities Estimated in CDUS -- 7.4. Conclusions -- 8. Summary, Conclusions, and Final Exercises |
| Summary |
Usually, when we consider the information that is given in a household budget survey, we do so in terms of expenditures for different goods and services and how these relate to income, prices, and socio demographic factors such as age, family size, and education. Allocation of expenditures amongst different categories of consumption is seen as being determined by tastes and preferences acting in conjunction with a constraint imposed by prices and income. The parameters thus obtained are obviously useful in analyzing the impact on consumption resulting from changes in income and prices (should the latter be available), but income and price elasticities, in themselves, say little about the internal structure of consumption spending. How expenditures for housing, transportation, and personal care to pick three standard categories of consumption spending are related to expenditures for food, for example, has never been a direct focus of empirical study. This book focuses on these relationships and provides insight into consumer behavior that complements and goes beyond that given by conventional price and income elasticities, making it of interest to students as well as economists in both government and academia concerned with consumer behavior |
| Bibliography |
Includes bibliographical references and index |
| Notes |
English |
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Online resource; title from PDF title page (SpringerLink, viewed October 14, 2013) |
| Subject |
Consumption (Economics) -- United States
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BUSINESS & ECONOMICS -- Economics -- Macroeconomics.
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POLITICAL SCIENCE -- Economic Conditions.
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Consumption (Economics)
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United States
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| Form |
Electronic book
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| ISBN |
9783319022253 |
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3319022253 |
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3319022245 |
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9783319022246 |
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9781306199964 |
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1306199964 |
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