The Internal Structure of U. S. Consumption Expenditures

Authors: Taylor, Lester D

  • ​Investigates consumer behavior beyond the conventional price and income elasticities
  • Provides in-depth statistical analysis of consumer spending and behavior
  • Examines the US allocation of expenditures amongst different categories of consumption​
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eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-02225-3
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Hardcover $129.00
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  • ISBN 978-3-319-02224-6
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  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
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  • ISBN 978-3-319-34650-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Usually, when we consider the information that is given in a household budget survey, we do so in terms of expenditures for different goods and services and how these relate to income, prices, and socio demographic factors such as age, family size, and education. Allocation of expenditures amongst different categories of consumption is seen as being determined by tastes and preferences acting in conjunction with a constraint imposed by prices and income. The parameters thus obtained are obviously useful in analyzing the impact on consumption resulting from changes in income and prices (should the latter be available), but income and price elasticities, in themselves, say little about the internal structure of consumption spending. How expenditures for housing, transportation, and personal care to pick three standard categories of consumption spending – are related to expenditures for food, for example, has never been a direct focus of empirical study. This book focuses on these relationships and provides insight into consumer behavior that complements and goes beyond that given by conventional price and income elasticities, making it of interest to students as well as economists in both government and academia concerned with consumer behavior.

Table of contents (8 chapters)

  • A Different Way of Looking at Consumption Behavior

    Taylor, Lester D.

    Pages 1-7

  • Stability of the Internal Structure of Consumption Expenditure

    Taylor, Lester D.

    Pages 9-49

  • Stability of the Internal Structure of Consumption Expenditure II: Interpretation and Further Analyses

    Taylor, Lester D.

    Pages 51-67

  • Effects of a Change in Expenditures for One Good on Expenditures of Other Goods

    Taylor, Lester D.

    Pages 69-102

  • Background, Interpretation, and Speculation

    Taylor, Lester D.

    Pages 103-120

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-02225-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-02224-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • ISBN 978-3-319-34650-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Internal Structure of U. S. Consumption Expenditures
Authors
Copyright
2014
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-02225-3
DOI
10.1007/978-3-319-02225-3
Hardcover ISBN
978-3-319-02224-6
Softcover ISBN
978-3-319-34650-2
Edition Number
1
Number of Pages
X, 198
Number of Illustrations and Tables
1 b/w illustrations, 69 illustrations in colour
Topics