Population dynamics and consumer demand.
The authors analyze the effects on consumption in the United States of 11 demographic variables, including "regional location and the urban/rural base of the household, its age, size, race, sex and marital characteristics, and the education and the employment status of the household head and the spouse." Data are from the 1972-1973 Consumer Expenditure Survey. The expenditure functions are first specified, followed by descriptions of the data sources and the empirical estimates of expenditure functions for various items of consumption spending.
Age Factors↗