Estimation of Quadratic Expenditure Systems Using German Household Budget Data / Schätzung Quadratischer Ausgabensysteme anhand der Daten der Einkommens- und Verbrauchsstichprobe

Karsten Kohn and Missong Martin ()
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Missong Martin: Institute of Statistics and Econometrics, Christian-Albrechts-University at Kiel, Olshausenstraße 40, D-24118 Kiel

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2003, vol. 223, issue 4, 422-448

Abstract: Drawing on household budget data from the German Income and Consumption Surveys of 1988 and 1993, we estimate demographicaily structured Quadratic Expenditure Systems. Both Full Information Maximum Likelihood methods and a Limited Information approach as proposed recently by Ding and Hadri (1996) are employed. The quadratic specification is found to significantly improve the model fit as compared to the linear one used in previous demand studies for Germany. Price elasticities of demand for different household types are analyzed at distinct income levels, and ratios of estimated subsistence expenditures are compared to both institutional and empirical equivalence scales.

Keywords: Empirical demand analysis; Quadratic Expenditure System; cross sectional data; demographic variables; equivalence scales; Germany; Empirische Nachfrageanalyse; Quadratisches Ausgabensystem; Querschnittsdaten; Einkommensund Verbrauchsstichprobe; soziodemographische Variablen; Äquivalenzskalen (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:223:y:2003:i:4:p:422-448

DOI: 10.1515/jbnst-2003-0404

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