Habits and heterogeneity in demands: a panel data analysis (replication data)

DOI

We examine demand behaviour for intertemporal dependencies, using Spanish panel data. We present evidence that there is both state dependence and correlated heterogeneity in demand behaviour. Our specific findings are that food outside the home, alcohol and tobacco are habit forming, whereas clothing and small durables exhibit durability. We conclude that demand analyses using cross-section data that ignore these effects may be seriously biased. On the other hand, the degree of intertemporal dependence is not sufficiently strong to make composite consumption significantly habit forming, as has been suggested in some recent analyses.

Identifier
DOI https://doi.org/10.15456/jae.2022319.0714196543
Metadata Access https://www.da-ra.de/oaip/oai?verb=GetRecord&metadataPrefix=oai_dc&identifier=oai:oai.da-ra.de:776027
Provenance
Creator Browning, Martin; Collado, M. Dolores
Publisher ZBW - Leibniz Informationszentrum Wirtschaft
Publication Year 2007
Rights Creative Commons Attribution 4.0 (CC-BY); Download
OpenAccess true
Contact ZBW - Leibniz Informationszentrum Wirtschaft
Representation
Language English
Resource Type Collection
Discipline Economics