Tag
income_elasticity
2 findings
Labour & employmentCalibrated Labor Supply Elasticity of Housing SubsidiesCalibrated utility parameters ($\mu = 0.7285$) yield an income elasticity of -0.09 and a compensated wage elasticity of 0.15.RCTEducationIncome Elasticity of Education DemandThe observed 76% private expenditure offset yielded an estimated income elasticity of education spending between 1.8 and 4.6, confirming that education acts as a luxury good and families reallocate funds rationally across household budget lines.RCT