Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78415
Authors: 
Hildenbrand, Werner
Kneip, Alois
Year of Publication: 
2002
Series/Report no.: 
Bonn Econ Discussion Papers 4/2002
Abstract: 
It is shown how one can effectively use cross-section data in modelling the change over time in aggregate consumption expenditure of a heterogeneous population. The starting point of our aggregation analysis is a dynamic behavioral relation on the household level. Based on certain hypotheses on the evolution of the distribution of income and household characteristics we derive explanatory variables for the change in aggregate consumption expenditure which are quite different from the explanatory variables on the household level. It is shown that U.K. Family Expenditure Data support our theoretical model for aggregate consumption.
JEL: 
D11
D12
E21
Document Type: 
Working Paper

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