Download Continuous Consumer Equivalence Scales: Item-specific by J. Blokland PDF

By J. Blokland

Costs of youngsters as shoppers is a controversy as fascinating and interesting because it is difficult and difficult. it's attention-grabbing rather simply because expenditures of kids are usually obscured, as a result underestimated ('cheaper by means of the dozen'); extra enlightened issues could have an influence on kin making plans and inhabitants coverage at a micro and macro point of residing, respectively. From a methodological viewpoint, the subject is exciting seeing that intake by way of person contributors of a kinfolk can't be measured at once, yet can in simple terms be inferred to in an oblique means. hence, makes an attempt at fixing the kid's expense challenge have been as common and varied as they've been unsatisfactory or unsuccessful. One (older) method of developing expenses of intake by means of kids in comparison with (male) adults used to be in line with physiological issues, viz. with admire to calorie requisites, and of a normative instead of an empirical nature: a world (League of countries) shopper equivalence scale in addition to our nationwide (Amsterdam) scale have been the result of those efforts. regrettably, this physiological myopia grossly underrates (young) kid's intake: the energy they burn up will be small in quantity, yet they're excessive in fee. furthermore, not just their our bodies, but additionally their progressively constructing minds desire (reading and different) topic, concerning charges. A fortiori, this is applicable to ladies, who - because the biologically more suitable intercourse - were deemed to wish much less energy than males, brushing aside their psychological and different wishes (after all, it's all an issue of brain over matter).

Show description

Read Online or Download Continuous Consumer Equivalence Scales: Item-specific effects of age and sex of household members in the budget allocation model PDF

Similar macroeconomics books

Macroeconomics (3rd edition)

Textbook for macroeconomics classes. first-class PDF.

The Revival of Laissez-Faire in American Macroeconomic Theory: A Case Study of Its Pioneers

Within the Seventies, the Keynesian orthodoxy in macroeconomics started to holiday down. In direct distinction to Keynesian innovations of discretionary coverage, versions advocating laissez-faire got here to the vanguard of financial concept. Laissez-faire now not stood as a very good coverage recommended for infrequent occurrences of marketplace clearing; quite it grew to become the coverage ordinary.

Underemployment Equilibria: Essays in Theory, Econometrics and Policy

This booklet is a variety of Jacques Drèze's paintings during the last ten years at the themes of stagflation, lasting unemployment and unused potential. on the theoretical point, the writer has contributed to the formula and research of basic equilibrium types that let for expense rigidities and extra provide.

Leveraged Exchange-Traded Funds: Price Dynamics and Options Valuation

This booklet presents an research, below either discrete-time and continuous-time frameworks, at the cost dynamics of leveraged exchange-traded money (LETFs), with emphasis at the roles of leverage ratio, learned volatility, funding horizon, and monitoring error. This examine offers new insights at the dangers linked to LETFs.

Extra resources for Continuous Consumer Equivalence Scales: Item-specific effects of age and sex of household members in the budget allocation model

Sample text

2. 12) has a number of plausible and pleasant properties, as shown for example by Somermeyer et. al. (1962) and Somermeyer and Langhout (1973) with a view to price and income elasticities. 3) ~ -w l > -1 V(k,l) and k ~ 1. 4) meaning that the price elasticities decrease algebraically (and especially that the direct price elasticities become more strongly negative) with rising price of the item with respect to which the price elasticity is calculated. 5) with a= K E j=1 aJ,w J, and wJ' denoting the share which expenditure on j has in the consumer's budget.

10) is required. 11) should hold for all k (cf. B) with the equality sign applying to at most one k, cf. Van Driel (1974). 12) is homogeneous of degree zero in the c k - implying that they are indeterminate as regards their level - one of these parameters (say c K) may be fixed, at an arbitrary value (say 1). 2. 12) has a number of plausible and pleasant properties, as shown for example by Somermeyer et. al. (1962) and Somermeyer and Langhout (1973) with a view to price and income elasticities.

K). The total number of standard consumers mk in a household with respect to any k may be written as a function of the number of household members nas per age - sex class (a,s): with the first index of n denoting age a = 0,1, •.. , A and the second index s denoting sex (1 = male, 2 = female). This relationship is called the standard consumer function. 6) may be derived, at least in principle. The only difference between these and the traditional kind of demand functions is the role played by the mk in terms of the nas (cf.

Download PDF sample

Rated 4.62 of 5 – based on 36 votes