Luxuries are easier to postpone: A proof

Citation
M. Browning et Tf. Crossley, Luxuries are easier to postpone: A proof, J POLIT EC, 108(5), 2000, pp. 1022-1026
Citations number
7
Categorie Soggetti
Economics
Journal title
JOURNAL OF POLITICAL ECONOMY
ISSN journal
00223808 → ACNP
Volume
108
Issue
5
Year of publication
2000
Pages
1022 - 1026
Database
ISI
SICI code
0022-3808(200010)108:5<1022:LAETPA>2.0.ZU;2-O
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 pre ferences over "consumption" are unlikely to display a constant elasticity o f substitution.