Corpus ID: 18198754

ENGEL CURVES Entry for The New Palgrave Dictionary of Economics, 2nd edition

@inproceedings{Lewbel2006ENGELCE,
  title={ENGEL CURVES Entry for The New Palgrave Dictionary of Economics, 2nd edition},
  author={Arthur Lewbel},
  year={2006}
}
An Engel curve describes how a consumer’s purchases of a good like food varies as the consumer’s total resources such as income or total expenditures vary. Engel curves may also depend on demographic variables and other consumer characteristics. A good’s Engel curve determines its income elasticity, and hence whether the good is an inferior, normal, or luxury good. Empirical Engel curves are close to linear for some goods, and highly nonlinear for others. Engel curves are used for equivalence… Expand
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References

SHOWING 1-10 OF 24 REFERENCES
Nonparametric Engel curves and revealed preference
This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge of expansion paths is shown to improve the power of nonparametric tests ofExpand
Household equivalence scales and welfare comparisons
Abstract The ratio of cost functions of different households facing the same prices and attaining the same utility level is a true cost of (demographic) characteristics index. This index isExpand
Nonlinear errors in variables Estimation of some Engel curves
Abstract The most common solution to the errors in variables problem for the linear regression model is the use of instrumental variable estimation. However, this methodology cannot be applied in theExpand
The Rank of Demand Systems: Theory and Nonparametric Estimation
W. M. Gorman's (1981) concept of Engel curve "rank" is extended to apply to any demand system. Rank is shown to have implications for specification, separability, and aggregation of demands. A simpleExpand
Analysis of the Standard of Living in the District of Columbia in 1916
At the close of the year 1916, the U. S. Bureau of Labor Statistics collected over two thousand budgets of families living in the District of Columbia showing details of expenditures for the calendarExpand
Cross section Engel curves over time
Methods for nonparametric estimation and comparison of cross section Engel curves are presented and applied to U.K. expenditure data. Real Engel curves (with quantity demanded and real totalExpand
The Mathematical Theory of Political Economy
AbstractTHE appearance of a new and enlarged edition affords us a wished-for opportunity of calling attention to this original work. Its author is one of the favoured few to whom belongs the honourExpand
Nonparametric bootstrap analysis with applications to demographic effects in demand functions.
  • P. Gozalo
  • Mathematics, Medicine
  • Journal of econometrics
  • 1997
"A new bootstrap proposal, labeled smooth conditional moment (SCM) bootstrap, is introduced for independent but not necessarily identically distributed data, where the classical bootstrap procedureExpand
Specification of household expenditure functions and equivalence scales by nonparametric regression
This paper demonstrates the usefulness of nonparametric regression analysis for functional specification of household expenditure functions and equivalence scales without restricting' the class ofExpand
Semiparametric Estimates and Test of Base-Independent Equiv-alence Scales
A seal clearance is automatically maintained between the mating ends of two ducts the minor one of which is held at a steady temperature by a hot fluid flowing through it. The clearance between theExpand
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