THE EFFECT OF FUNCTIONAL FORM ON THE ESTIMATED MARGINAL PROPENSITIES TO SPEND OUT OF FOOD STAMPS AND MONEY INCOME AND THE IMPLICATIONS FOR A CASH-ONLY FOOD STAMP PROGRAM

J. William Levedahl

No 270908, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Using linear in the coefficients specifications (LCS), previous estimates of the marginal propensity to spend on food out of food stamps are about 4 to 5 times the MPS out of income. This magnitude implies that food expenditures would fall drastically if the program was cashed-out. The LCS and a specification of the expenditure equation based on a generalization of Roy's identity and a translog indirect utility function are estimated. The implications of these functional forms on cashing-out the Food Stamp Program are discussed.

Keywords: Agricultural and Food Policy; Food Security and Poverty (search for similar items in EconPapers)
Pages: 27
Date: 1990-08-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea90:270908

DOI: 10.22004/ag.econ.270908

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