Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192305 
Year of Publication: 
2002
Series/Report no.: 
Discussion Papers No. 323
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
We estimate Engel elasticities of housing expenditures for each independent cross-section of the Consumer Expenditure Surveys in the period 1986-1998, and find that the elasticity remains close to unity for all years. Its mean over the period is 1.02. Engel and demographic effects for housing are estimated in an errors-in-variables two stage least square regression model using random samples of Norwegian households. We find that given demographic composition household demand for housing seems to increase proportionately with total consumption, in contrast to other categories such as food and transportation. The empirical regularity between housing expenditures and total consumption yields forecasting potential and may represent a basic pattern of consumption.
Subjects: 
Budget share
consumption pattern
demand for housing
Engel elasticity
JEL: 
D12
R21
Document Type: 
Working Paper

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