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dc.contributor.authorMoneta, Alessio
dc.contributor.authorChai, Andreas
dc.date.accessioned2017-08-14T12:30:54Z
dc.date.available2017-08-14T12:30:54Z
dc.date.issued2014
dc.date.modified2014-04-11T05:28:07Z
dc.identifier.issn0309-166X
dc.identifier.doi10.1093/cje/bet033
dc.identifier.urihttp://hdl.handle.net/10072/58294
dc.description.abstractThe tendency for expenditure Engel curves to flatten out at high income levels is frequently cited as evidence that major shifts in household spending patterns take place as households become more affluent. Empirically, little has been done to examine (i) how pervasive this tendency is across the Engel curves of different goods and services, (ii) whether the rate at which Engel curves flatten out may significantly change over time and (iii) how robust Engel curves are in the face of changes in the income distribution of households. Using data from the UK Family Expenditure Survey, we find evidence that the tendency for Engel curves to flatten out, which we dub 'saturation', is indeed widespread across a wide range of goods and services. However, a tendency for their shape to shift over time, and for these shifts to co-move with changes in the income distribution of households, casts some doubt on whether the declining slope of Engel curves can be used to predict slowdowns in the growth rate of demand for particular goods and services.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherOxford University Press
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom895
dc.relation.ispartofpageto923
dc.relation.ispartofissue4
dc.relation.ispartofjournalCambridge Journal of Economics
dc.relation.ispartofvolume38
dc.rights.retentionY
dc.subject.fieldofresearchEconomic theory
dc.subject.fieldofresearchMicroeconomic theory
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchTime-series analysis
dc.subject.fieldofresearchOther economics
dc.subject.fieldofresearchHeterodox economics
dc.subject.fieldofresearchcode3803
dc.subject.fieldofresearchcode380304
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode380205
dc.subject.fieldofresearchcode3899
dc.subject.fieldofresearchcode389903
dc.titleThe evolution of Engel curves and its implications for structural change theory
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.date.issued2013
gro.hasfulltextNo Full Text
gro.griffith.authorChai, Andreas


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