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EARNINGS COMPARISONS BETWEEN GENERATIONS: SOME ALTERNATIVE APPROACHES

✍ Scribed by JOHN CREEDY


Book ID
111042307
Publisher
John Wiley and Sons
Year
1988
Tongue
English
Weight
784 KB
Volume
56
Category
Article
ISSN
1463-6786

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We calibrate and contrast the recent generalized multinomial logit model and the widely used latent class logit model approaches for studying heterogeneity in consumer purchases. We estimate the parameters of the models on panel data of household ketchup purchases, and find that the generalized mult