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A Microeconometric Characterisation of Household Consumption Using Quantile Regression

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Author Info
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.

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File URL: http://www.iaw.edu/RePEc/iaw/pdf/iaw_dp_5.pdf
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Publisher Info
Paper provided by Institut für Angewandte Wirtschaftsforschung (IAW) in its series IAW Discussion Papers with number 05.

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Length: 22 pages
Date of creation: Apr 2002
Date of revision:
Handle: RePEc:iaw:iawdip:05

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Related research
Keywords: econometric demand analysis; Engel curve; demand system; micro data;

Find related papers by 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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  1. Manning, Willard G. & Blumberg, Linda & Moulton, Lawrence H., 1995. "The demand for alcohol: The differential response to price," Journal of Health Economics, Elsevier, vol. 14(2), pages 123-148, June. [Downloadable!] (restricted)
  2. Andrew Chesher, 2001. "Exogenous impact and conditional quantile functions," CeMMAP working papers CWP01/01, Centre for Microdata Methods and Practice, Institute for Fiscal Studies. [Downloadable!]
    Other versions:
  3. Koenker, Roger W & Bassett, Gilbert, Jr, 1978. "Regression Quantiles," Econometrica, Econometric Society, vol. 46(1), pages 33-50, January. [Downloadable!] (restricted)
  4. Christensen, Laurits R & Jorgenson, Dale W & Lau, Lawrence J, 1975. "Transcendental Logarithmic Utility Functions," American Economic Review, American Economic Association, vol. 65(3), pages 367-83, June. [Downloadable!] (restricted)
  5. Andrew Chesher, 2001. "Quantile driven identification of structural derivatives," CeMMAP working papers CWP08/01, Centre for Microdata Methods and Practice, Institute for Fiscal Studies. [Downloadable!]
  6. Blundell, Richard & Pashardes, Panos & Weber, Guglielmo, 1993. "What Do We Learn About Consumer Demand Patterns from Micro Data?," American Economic Review, American Economic Association, vol. 83(3), pages 570-97, June. [Downloadable!] (restricted)
  7. Alberto Abadie & Joshua Angrist & Guido Imbens, 2002. "Instrumental Variables Estimates of the Effect of Subsidized Training on the Quantiles of Trainee Earnings," Econometrica, Econometric Society, vol. 70(1), pages 91-117, January. [Downloadable!] (restricted)
    Other versions:
  8. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June. [Downloadable!] (restricted)
  9. Omar Arias & Walter Sosa-Escudero & Kevin F. Hallock, 2001. "Individual heterogeneity in the returns to schooling: instrumental variables quantile regression using twins data," Empirical Economics, Springer, vol. 26(1), pages 7-40. [Downloadable!] (restricted)
  10. Atkinson, A B & Gomulka, J & Stern, N H, 1990. "Spending on Alcohol: Evidence from the Family Expenditure Survey 1970-1983," Economic Journal, Royal Economic Society, vol. 100(402), pages 808-27, September. [Downloadable!] (restricted)
  11. Roger Koenker & Kevin F. Hallock, 2001. "Quantile Regression," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 143-156, Fall. [Downloadable!] (restricted)
  12. Keen, Michael, 1986. "Zero Expenditures and the Estimation of Engel Curves," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 1(3), pages 277-86, July. [Downloadable!] (restricted)
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This page was last updated on 2009-11-10.

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