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Structural Change and Private Consumption:Evidence from the 1974–75 Household Expenditure Survey

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  • ROSS A. WILLIAMS

Abstract

Using data from the 1974–75 Household Expenditure Survey, estimates of marginal budget shares and pre‐committed expenditrues are Obtained for thirteen house hold types chosen on the basis of household composition and age of head. The survey data are reconciled with the national accounts estimates of expenditures, and the adjusted parameter estimates are used to predict national consumption expeditures over the period 1966–67 to 1975–76. The ‐predictions are improved by allowing for the demographic and other structural changes which occurred in the Australian economy over this decade.

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  • Ross A. Williams, 1980. "Structural Change and Private Consumption:Evidence from the 1974–75 Household Expenditure Survey," The Economic Record, The Economic Society of Australia, vol. 56(152), pages 54-68, March.
    • Handle: RePEc:bla:ecorec:v:56:y:1980:i:152:p:54-68
    DOI: 10.1111/j.1475-4932.1980.tb01651.x
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    References listed on IDEAS

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    1. Ross Williams, 2010. "Engel Curves," Chapters, in: Mark Blaug & Peter Lloyd (ed.), Famous Figures and Diagrams in Economics, chapter 6, Edward Elgar Publishing.
    2. Ross A. Williams, 1978. "Wants and Working Wives: Household Demand and Saving in Australia," The Economic Record, The Economic Society of Australia, vol. 54(1), pages 32-44, April.
    3. Michael McAleer & Alan A. Powell & Peter Dixon & Tony Lawson, 1979. "Estimation of the Consumption Function: A Systems Approach to Employment Effects on the Purchases of Durables," Working Paper 349, Economics Department, Queen's University.
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    Cited by:

    1. Lisa Cameron & John Creedy, 1995. "Indirect Tax Exemptions and the Distribution ot Lifetime Income: A Simulation Analysis," The Economic Record, The Economic Society of Australia, vol. 71(1), pages 77-87, March.

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