Luxuries Are Easier to Postpone: A Proof

S-Tier
Journal: Journal of Political Economy
Year: 2000
Volume: 108
Issue: 5
Pages: 1022-1026

Authors (2)

Martin Browning (Oxford University) Thomas F. Crossley (not in RePEc)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone. It also implies that preferences over "consumption" are unlikely to display a constant elasticity of substitution.

Technical Details

RePEc Handle
repec:ucp:jpolec:v:108:y:2000:i:5:p:1022-1026
Journal Field
General
Author Count
2
Added to Database
2026-01-24