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A Microeconometric Characterisation of Household Consumption Using Quantile Regression

Author

Listed:
  • Gerd Ronning
  • Niels Schulz

Abstract

The paper uses micro cross-section data from the GfK consumer panel for econometric demand analysis of private households in Germany. Contrary to most research which considered \average" behavior we extend this approach to consumer behavior for di®erent \intensities" of consumption. Our analytical tool is quantile regression which allows us to describe the conditional distribu- tion for any quantile including the (conditional) median representing \average" behavior. As an illustrative example we use the demand for beer and wine. The paper shows quite distinct patterns regarding price and income e®ects for di®erent goods which leads us to an extended characterization of household demand.

Suggested Citation

  • Gerd Ronning & Niels Schulz, 2002. "A Microeconometric Characterisation of Household Consumption Using Quantile Regression," IAW Discussion Papers 05, Institut für Angewandte Wirtschaftsforschung (IAW).
    • Handle: RePEc:iaw:iawdip:05
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    More about this item

    Keywords

    econometric demand analysis; Engel curve; demand system; micro data;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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