This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Models of Aggregate Economic Relationships that Account for Heterogeneity

In: Handbook of Econometrics

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Blundell, Richard
Stoker, Thomas M.

Additional information is available for the following registered author(s):

Abstract

This chapter covers recent solutions to aggregation problems in three application areas: consumer demand analysis, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity at the individual level. Three types of heterogeneity are highlighted: heterogeneity in individual tastes, heterogeneity in income and wealth risks, and heterogeneity in market participation. Work in each area is illustrated using results from empirical data. The overall aim is to present specific models that connect individual behavior with aggregate statistics, as well as to discuss the principles for constructing such models.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.sciencedirect.com/science/article/B7GX7-4R9GYJT-C/2/121e05e49be0c4bbcacf7fea497437c7
File Format:
File Function:
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
This chapter was published in: J.J. Heckman & E.E. Leamer (ed.) Handbook of Econometrics, , chapter 68, pages , 2007.

This item is provided by Elsevier in its series Handbook of Econometrics with number 6a-68.

Handle: RePEc:eee:ecochp:6a-68

Contact details of provider:
Web page: http://www.elsevier.com/wps/find/bookseriesdescription.cws_home/BS_HE/description

For technical questions regarding this item, or to correct its listing, contact: (Heidi Boesdal).

Related research
This chapter was published in the following book, which is listed on IDEAS:
J.J. Heckman & E.E. Leamer (ed.), 2007. "Handbook of Econometrics," Handbook of Econometrics, Elsevier, edition 1, volume 6, number 6a, September. [Downloadable!] (restricted)
Keywords:

Find related papers by JEL classification:
C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Werner Hildenbrand & Alois Kneip, 2004. "Aggregate Behavior and Microdata," Bonn Econ Discussion Papers bgse3_2004, University of Bonn, Germany, revised Jun 2004. [Downloadable!]
  2. Werner Hildenbrand & Alois Kneip, 2002. "Aggregation under structural stability: the change in consumption of a heterogeneous population," Bonn Econ Discussion Papers bgse4_2002, University of Bonn, Germany. [Downloadable!]
Statistics
Access and download statistics

Did you know? You too can volunteer for RePEc, for example by encouraging others to register as authors.

This page was last updated on 2009-12-2.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.