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A Comparison of Consumption Models Estimated on American and Polish Panel and Pseudo-Panel Data

Author

Listed:
  • Duncan, G.J.
  • Gardes, F.
  • Gaubert, P.
  • Starzec, C.

Abstract

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.

Suggested Citation

  • Duncan, G.J. & Gardes, F. & Gaubert, P. & Starzec, C., 1998. "A Comparison of Consumption Models Estimated on American and Polish Panel and Pseudo-Panel Data," Papiers du Laboratoire de Microéconomie Appliquée 1998-09, Université Panthéon-Sorbonne (Paris 1).
    • Handle: RePEc:fth:parima:1998-09
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    Citations

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    Cited by:

    1. Armagan Tuna Aktuna-Gunes & François Gardes & Christophe Starzec, 2014. "The Size of Informal Economy and Demand Elasticity Estimates Using Full Price Approach: A Case Study for Turkey," Documents de travail du Centre d'Economie de la Sorbonne 14088, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    2. François Gardes, 2021. "Endogenous Prices in a Riemannian Geometry Framework," Post-Print halshs-03325414, HAL.
    3. Armagan Tuna Aktuna-Gunes & François Gardes & Christophe Starzec, 2014. "The Size of Informal Economy and Demand Elasticity Estimates Using Full Price Approach: A Case Study for Turkey," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01149595, HAL.
    4. François Gardes, 2014. "Full price elasticities and the value of time: A Tribute to the Beckerian model of the allocation of time," Post-Print halshs-00973418, HAL.
    5. Armagan Tuna Aktuna-Gunes & François Gardes & Christophe Starzec, 2014. "The Size of Informal Economy and Demand Elasticity Estimates Using Full Price Approach: A Case Study for Turkey," Post-Print halshs-01149595, HAL.
    6. Beine, Michel & Bismans, Francis & Docquier, Frederic & Laurent, Sebastien, 2001. "Life-cycle behaviour of US households: A nonlinear GMM estimation on pseudopanel data," Journal of Policy Modeling, Elsevier, vol. 23(7), pages 713-729, October.
    7. François Gardes & Noël Thiombiano, 2017. "The value of time and expenditures of rural households in Burkina Faso: a domestic production framework," Documents de travail du Centre d'Economie de la Sorbonne 17027, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    8. François Gardes, 2021. "Endogenous Prices in a Riemannian Geometry Framework," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03325414, HAL.
    9. Francois Gardes & Christophe Starzec, 2004. "Household Demand Patterns in France 1980-1995," DEMPATEM Working Papers wp6, AIAS, Amsterdam Institute for Advanced Labour Studies.
    10. Francois Gardes & Christophe Starzec, 2004. "Income Effects on Services Expenditures," DEMPATEM Working Papers wp7, AIAS, Amsterdam Institute for Advanced Labour Studies.
    11. François Gardes & Noël Thiombiano, 2017. "The value of time and expenditures of rural households in Burkina Faso: a domestic production framework," Post-Print halshs-01535172, HAL.
    12. François Gardes, 2021. "Endogenous Prices in a Riemannian Geometry Framework," Documents de travail du Centre d'Economie de la Sorbonne 21026, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    13. François Gardes & Noël Thiombiano, 2017. "The value of time and expenditures of rural households in Burkina Faso: a domestic production framework," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01535172, HAL.
    14. François Gardes, 2014. "Full price elasticities and the value of time: A Tribute to the Beckerian model of the allocation of time," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00973418, HAL.
    15. François Gardes, 2014. "Full price elasticities and the value of time: A tribute to the Beckerian model of the allocation of time," Documents de travail du Centre d'Economie de la Sorbonne 14014, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.

    More about this item

    Keywords

    CONSUMPTION ; ECONOMETRICS ; STATISTICAL ANALYSIS;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models

    Statistics

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