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Demographic Demand Systems with Application to Equivalence Scales Estimation and Inequality Analysis: The Australian Evidence

Citation

Blacklow, P and Nicholas, A and Ray, R, Demographic Demand Systems with Application to Equivalence Scales Estimation and Inequality Analysis: The Australian Evidence, Australian Economic Papers, 49, (3) pp. 161-179. ISSN 0004-900X (2010) [Refereed Article]


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The definitive published version is available online at: http://onlinelibrary.wiley.com/

DOI: doi:10.1111/j.1467-8454.2010.00394.x

Abstract

This paper proposes and applies an alternative demographic procedure for extending a demand system to allow for the effect of household size and composition changes, along with price changes, on expenditure allocation. The demographic procedure is applied to two recent demand functional forms to obtain their estimable demographic extensions. The estimation on pooled time series of Australian Household Expenditure Surveys yields sensible and robust estimates of the equivalence scale, and of its variation with relative prices. Further evidence on the usefulness of this procedure is provided by using it to evaluate the nature and magnitude of the inequality bias of relative price changes in Australia over a period from the late 1980s to the early part of the new millennium.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied Economics
Research Field:Welfare Economics
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Preference, Behaviour and Welfare
Author:Blacklow, P (Dr Paul Blacklow)
ID Code:67709
Year Published:2010
Web of Science® Times Cited:5
Deposited By:Economics and Finance
Deposited On:2011-03-07
Last Modified:2012-03-30
Downloads:0

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