Working Paper No. 836 | April 2015

Direct Estimates of Food and Eating Production Function Parameters for 2004–12 Using an ATUS/CE Synthetic Dataset

This paper evaluates the presence of heterogeneity, by household type, in the elasticity of substitution between food expenditures and time and in the goods intensity parameter in the household food and eating production functions. We use a synthetic dataset constructed by statistically matching the American Time Use Survey and the Consumer Expenditure Survey. We establish the presence of heterogeneity in the elasticity of substitution and in the intensity parameter. We find that the elasticity of substitution is low for all household types.

Publication Highlight

Working Paper No. 892
Understanding Financialization
Standing on the Shoulders of Minsky
Author(s): Charles J. Whalen
June 2017

Quick Search

Search in: