A Comparison of Consumption Models Estimated on American and Polish Panel and Pseudo-Panel Data
Greg Duncan (),
Patrice Gaubert () and
Papiers du Laboratoire de MicroÃ©conomie AppliquÃ©e from UniversitÃ© PanthÃ©on-Sorbonne (Paris 1)
The problem addresses in this article is the bias to income and expenditure elasticity estimates caused by inattention to measurement error and unobserved heterogeneity. We gauge these biases by comparing cross-sectional, pseudo-panel and true panel data from Polish and American expenditure surveys.
Keywords: CONSUMPTION; ECONOMETRICS; STATISTICAL ANALYSIS (search for similar items in EconPapers)
JEL-codes: D12 C33 C31 (search for similar items in EconPapers)
Pages: 22 pages
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Persistent link: https://EconPapers.repec.org/RePEc:fth:parima:1998-09
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