Dep. Var.: Share of food | ||||||
---|---|---|---|---|---|---|
Small set of control variables | Extended set of control variables | |||||
Using Expenditure | Using Income | Using income as instrument of expenditure | Using Expenditure | Using Income | Using income as instrument of expenditure | |
(1) | (2) | (3) | (4) | (5) | (6) | |
Dummy for ENGH 96/97 | − 0.110*** | − 0.086*** | − 0.115*** | − 0.099*** | − 0.076*** | − 0.104*** |
(0.004) | (0.004) | (0.004) | (0.004) | (0.004) | (0.004) | |
Dummy for ENGH 04/05 | − 0.111*** | − 0.101*** | − 0.115*** | − 0.100*** | − 0.084*** | − 0.105*** |
(0.005) | (0.004) | (0.005) | (0.005) | (0.006) | (0.006) | |
Ln of per household expenditure | − 0.118*** | − 0.130*** | − 0.097*** | − 0.108*** | ||
(0.002) | (0.003) | (0.003) | (0.004) | |||
Ln of per household income | − 0.100*** | − 0.072*** | ||||
(0.003) | (0.003) | |||||
Food prices/non-food prices | 0.038** | 0.050*** | 0.032** | 0.046*** | 0.061*** | 0.041*** |
(0.015) | (0.015) | (0.015) | (0.015) | (0.015) | (0.015) | |
Observations | 10,380 | 10,364 | 10,364 | 10,380 | 10,364 | 10,364 |
R-squared | 0.407 | 0.35 | 0.405 | 0.424 | 0.382 | 0.423 |
Adj. R-squared | 0.406 | 0.349 | 0.404 | 0.421 | 0.379 | 0.420 |
Cumulative Bias in CPI from 85/86 to 96/97 | 60.6 | 57.6 | 58.6 | 64.0 | 65.2 | 61.9 |
P. 5% | 62.5 | 60.2 | 60.5 | 66.4 | 68.6 | 64.3 |
P. 95% | 58.4 | 54.7 | 56.5 | 61.7 | 61.5 | 59.3 |
Annual Implicit Bias from 85/86 to 96/97 | 8.11 | 7.51 | 7.71 | 8.88 | 9.16 | 8.40 |
P. 5% | 8.53 | 8.04 | 8.10 | 9.44 | 9.98 | 8.95 |
P. 95% | 7.67 | 6.95 | 7.28 | 8.34 | 8.31 | 7.86 |
Cumulative Bias in CPI from 85/86 to 04/05 | 61.0 | 63.5 | 58.7 | 64.4 | 69.0 | 62.3 |
P. 5% | 63.0 | 66.3 | 61.0 | 67.2 | 72.4 | 65.0 |
P. 95% | 58.3 | 60.2 | 56.0 | 60.5 | 64.5 | 58.5 |
Annual Implicit Bias from 85/86 to 04/05 | 4.59 | 4.92 | 4.33 | 5.03 | 5.68 | 4.76 |
P. 5% | 4.85 | 5.30 | 4.60 | 5.42 | 6.23 | 5.11 |
P. 95% | 4.28 | 4.50 | 4.02 | 4.54 | 5.04 | 4.30 |
Cumulative Bias in CPI from 96/97 to 04/05 | 0.95 | 13.90 | 0.27 | 1.07 | 10.80 | 1.04 |
P. 5% | 7.26 | 20.00 | 6.11 | 8.73 | 19.80 | 8.14 |
P. 95% | − 5.70 | 7.12 | − 5.84 | − 8.10 | 0.44 | − 7.09 |
Annual Implicit Bias from 96/97 to 04/05 | 0.11 | 1.65 | 0.03 | 0.12 | 1.26 | 0.12 |
P. 5% | 0.83 | 2.44 | 0.70 | 1.01 | 2.42 | 0.94 |
P. 95% | − 0.62 | 0.82 | − 0.63 | − 0.87 | 0.05 | − 0.76 |