Empirical regularities in distributions of individual consumption expenditure

被引:3
作者
Hohnisch, M [1 ]
Pittnauer, S [1 ]
Chakrabarty, M [1 ]
机构
[1] Univ Bonn, D-53113 Bonn, Germany
来源
INTERNATIONAL JOURNAL OF MODERN PHYSICS C | 2002年 / 13卷 / 04期
关键词
General Equilibrium Theory; econophysics; economic heterogeneity; lognormal distribution; consumption;
D O I
10.1142/S0129183102003292
中图分类号
TP39 [计算机的应用];
学科分类号
081203 ; 0835 ;
摘要
We empirically investigate distributions of individual consumption expenditure for four commodity categories conditional on fixed income levels. The data stems from the Family Expenditure Survey carried out annually in the United Kingdom. We use graphical techniques to test for normality and lognormality of these distributions. While prevailing economic theory does not predict any structure for these distributions, we find that in at least three commodity categories individual consumption expenditure conditional on a fixed income level is lognormally distributed.
引用
收藏
页码:541 / 549
页数:9
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