The goal of this paper is to model the mean (aggregate) consumption expenditure of a large and heterogeneous population of households. The aggregation process is based on assumptions of how the income distribution and the composition of the population evolves over time (structural stability). It is shown that the change in the aggregate consumption expenditure ratio can be decomposed into an effect of changing income dispersion, an effect of income growth, an effect of price inflation and an effect of changing composition of the population.
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Paper provided by Catholique de Louvain - Institut de statistique in its series Papers with number
9804.
Length: 33 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:louvis:9804
Contact details of provider: Postal: Universite Catholique de Louvain, Institut de Statistique, Voie du Roman Pays, 34 B-1348 Louvain- La-Neuve, Belgique.
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Find related papers by JEL classification: D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General