Using Income Classes to Estimate Consumption Parameters for Food Policy Analysis

Date
1996-06-01
Authors
Fabiosa, Jacinto
Mohanty, Samarendu
Smith, Darnell
Meyers, William
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Altmetrics
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How can economists estimate consumption parameters by income classes? The approach used in this paper combines price elasticities estimated from aggregated market data and income-class-specific elasticities derived from household expenditure surveys using Slutsky relationships to calculate income-class-specific price elasticities. The approach was applied to estimate income-class-specific price elasticities for major agricultural commodities consumed in Jamaica.

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