Premium
lets over inkomenselasticiteiten, afgeleid uit huishoudrekeningen van gezinnen
Author(s) -
Stuvel G.
Publication year - 1951
Publication title -
statistica neerlandica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.52
H-Index - 39
eISSN - 1467-9574
pISSN - 0039-0402
DOI - 10.1111/j.1467-9574.1951.tb00570.x
Subject(s) - income elasticity of demand , economics , consumption (sociology) , econometrics , term (time) , elasticity (physics) , income distribution , mathematics , sociology , thermodynamics , social science , physics , quantum mechanics , mathematical analysis , inequality
Summary On income elasticities derived from family budgets This is a small part of a research into income elasticities, which was started when dr Stuvel was working under Prof. Richard Stone at the Department of Applied Economics of the University of Cambridge and was continued after dr Stuvel's return to Holland. Advantages and disadvantages are discussed of the two alternative methods of calculating income elasticities, to wit from time‐series or from family budgets. The first method is appropriate if one is interested in short‐term changes in consumption by changes in income; the second method is suitable whenever the economist's interest is centred on long‐term changes in consumption. The mathematical form chosen for the regression equations on family income is: C = aY bso that the income elasticity is independent of income.