TY - JOUR
T1 - On the correspondence between individual and aggregate food consumption functions
T2 - Evidence from the USA and the Netherlands
AU - Anderson, Heather M.
AU - Vahid, Farshid
PY - 1997/1/1
Y1 - 1997/1/1
N2 - This paper provides evidence from the US and Dutch budget surveys that income elasticity of family food consumption is a function of family income and other observable characteristics of the household. It also finds that the conditional variance of family food consumption depends on family income. This complicated pattern of dependence of family food consumption on income breaks the exact correspondence between the family and the aggregate food consumption functions. Simple dynamic models for aggregate food consumption are developed which are used for forecasting.
AB - This paper provides evidence from the US and Dutch budget surveys that income elasticity of family food consumption is a function of family income and other observable characteristics of the household. It also finds that the conditional variance of family food consumption depends on family income. This complicated pattern of dependence of family food consumption on income breaks the exact correspondence between the family and the aggregate food consumption functions. Simple dynamic models for aggregate food consumption are developed which are used for forecasting.
UR - http://www.scopus.com/inward/record.url?scp=0040238377&partnerID=8YFLogxK
U2 - 10.1002/(SICI)1099-1255(199709/10)12:5<477::AID-JAE452>3.0.CO;2-O
DO - 10.1002/(SICI)1099-1255(199709/10)12:5<477::AID-JAE452>3.0.CO;2-O
M3 - Article
AN - SCOPUS:0040238377
SN - 0883-7252
VL - 12
SP - 477
EP - 507
JO - Journal of Applied Econometrics
JF - Journal of Applied Econometrics
IS - 5
ER -