A Semiparametric Approach to Estimate Engel curves using the US Micro Data
Héctor O. Zapata, Anil K. Sulgham
Abstract
Open-access reader
Héctor O. Zapata, Anil K. Sulgham
Abstract
Open-access reader
The study estimates Engel curves using cross-section data from the 2003 US consumer expenditure survey (CES). We focus on finding adequate specification for modeling the demographic characteristics using parametric, nonparametric, and semiparametric techniques. The empirical results indicate parametric Working-Leser or Piglog specification was sufficient for most budget shares except for transportation where semiparametric specification had support.
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The study estimates Engel curves using cross-section data from the 2003 US consumer expenditure survey (CES). We focus on finding adequate specification for modeling the demographic characteristics using parametric, nonparametric, and semiparametric techniques. The empirical results indicate parametric Working-Leser or Piglog specification was sufficient for most budget shares except for transportation where semiparametric specification had support.
Key concepts: Semiparametric model, Engel curve, Nonparametric statistics, Semiparametric regression, Econometrics, Parametric statistics, Specification, Economics