Arbeitspapier
The distribution of consumption-expenditure budget shares: Evidence from Italian households
This paper explores the statistical properties of household consumption-expenditure budget shares distributions (HBSDs) defined as the share of household total expenditure spent for purchasing a specific category of commodities for a large sample of Italian households in the period 1989-2004. We find that HBSDs are fairly stable over time for each specific category, but profoundly heterogeneous across commodity categories. We then derive a parametric density that is able to satisfactorily characterize HBSDs and: (i) is consistent with the observed statistical properties of the underlying levels of household consumption-expenditure distributions; (ii) can accommodate the observed acrosscategory heterogeneity in HBSDs. Finally, we taxonomize commodity categories according to the estimated parameters of the proposed density. We show that the resulting classification is consistent with the traditional economic scheme that labels commodities as necessary, luxury or inferior.
- Sprache
-
Englisch
- Erschienen in
-
Series: Papers on Economics and Evolution ; No. 0809
- Klassifikation
-
Wirtschaft
Consumer Economics: Empirical Analysis
Hypothesis Testing: General
- Thema
-
Household Consumption Expenditure
Budget Shares
Sum of Log-Normal Distributions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Barigozzi, Matteo
Alessi, Lucia
Capasso, Marco
Fagiolo, Giorgio
- Ereignis
-
Veröffentlichung
- (wer)
-
Max Planck Institute of Economics
- (wo)
-
Jena
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Barigozzi, Matteo
- Alessi, Lucia
- Capasso, Marco
- Fagiolo, Giorgio
- Max Planck Institute of Economics
Entstanden
- 2008
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