Empirical Regularities in Distributions of Individual Consumption Expenditure

Details Empirical Regularities in Distributions of Individual Consumption Expenditure Empirical Regularities in Distributions of Individual Consumption Expenditure

2002-01-12

arxiv.org/abs/cond-mat/0201195v1

Physics

Condensed Matter

Statistical Mechanics

9 pages including figures; for Int. J. Mod. Phys. C 13, No. 4

Scientific paper

10.1142/S0129183102003292

We empirically investigate distributions of individual consumption expenditure f or four commodity categories conditional on fixed income levels. The data stems from the Family Expenditure Survey carried out annually in the United Kingdom. W e use graphical techniques to test for normality and lognormality of these distributions. While mainstream economic theory does not predict any structure for these distributions, we find that in at least three commodity categories individual consumption expenditure conditional on a fixed income level is lognormally distributed.

Affiliated with

Also associated with

No associations

Rating

Empirical Regularities in Distributions of Individual Consumption Expenditure does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Empirical Regularities in Distributions of Individual Consumption Expenditure, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Empirical Regularities in Distributions of Individual Consumption Expenditure will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-656690