Khitarishvili, Tamar Rios-Avila, Fernando Kim, Kijong
Year of Publication:
Working Paper, Levy Economics Institute 836
This paper evaluates the presence of heterogeneity, by household type, in the elasticity of substitution between food expenditures and time and in the goods intensity parameter in the household food and eating production functions. We use a synthetic dataset constructed by statistically matching the American Time Use Survey and the Consumer Expenditure Survey. We establish the presence of heterogeneity in the elasticity of substitution and in the intensity parameter. We find that the elasticity of substitution is low for all household types.
Consumption Expenditures Elasticity of Substitution Food Production Household Production Statistical Matching Time Use