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Effects Of Income Sources On Household Food Expenditures

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  • Yen, Steven T.
  • Chern, Wen S.
  • Lee, Hwang-Jaw

Abstract

A purchase infrequency model and a Tobit model are used to examine impacts of different income sources on food expenditures using BLS's Consumer Expenditure Diary Survey data. Results show that four income components have significantly different effects on the expenditures of food, food at home, and food away from home.

Suggested Citation

  • Yen, Steven T. & Chern, Wen S. & Lee, Hwang-Jaw, 1991. "Effects Of Income Sources On Household Food Expenditures," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271167, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271167
    DOI: 10.22004/ag.econ.271167
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    References listed on IDEAS

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    1. Deaton, Angus & Irish, Margaret, 1984. "Statistical models for zero expenditures in household budgets," Journal of Public Economics, Elsevier, vol. 23(1-2), pages 59-80.
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    3. Hymans, Saul H. & Shapiro, Harold T., 1976. "The allocation of household income to food consumption," Journal of Econometrics, Elsevier, vol. 4(2), pages 167-188, May.
    4. Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-333, March.
    5. Blundell, Richard & Meghir, Costas, 1987. "Bivariate alternatives to the Tobit model," Journal of Econometrics, Elsevier, vol. 34(1-2), pages 179-200.
    6. White, Halbert, 1982. "Maximum Likelihood Estimation of Misspecified Models," Econometrica, Econometric Society, vol. 50(1), pages 1-25, January.
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