Published online by Cambridge University Press: 10 May 2017
Whereas considerable effort has been expended in prior research in discussing the appropriateness of alternative measures of income in expenditure studies, this paper looks in depth at the impact of incorporating a broad range of demographic variables in the expenditure analysis. Food expenditures away from home are used to analyze the additional gains in explanatory power and the impact of demographic variables on income elasticities. Considerable divergence of results is found under the alternative measures of income.
The views expressed in this paper are those of the authors and do not necessarily reflect those of the institutions with which they are affiliated. The authors wish to thank Cleve Willis and an anonymous reviewer for their helpful suggestions.
Scientific Article No. A-3132, Contribution No. 6200 of the Maryland Agricultural Experiment Station.