Dep. Var.: Share of food at home | ||||||
---|---|---|---|---|---|---|
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 | − 0.126*** | − 0.101*** | − 0.134*** | − 0.113*** | − 0.088*** | − 0.123*** |
(0.004) | (0.004) | (0.004) | (0.004) | (0.004) | (0.004) | |
Dummy for ENGH 04/05 | − 0.135*** | − 0.126*** | − 0.142*** | − 0.124*** | − 0.108*** | − 0.134*** |
(0.005) | (0.005) | (0.005) | (0.005) | (0.005) | (0.005) | |
Ln of household expenditure | − 0.131*** | − 0.151*** | − 0.110*** | − 0.131*** | ||
(0.002) | (0.003) | (0.003) | (0.004) | |||
Ln of household income | − 0.116*** | − 0.087*** | ||||
(0.003) | (0.003) | |||||
Food prices/non-food prices | 0.040*** | 0.052*** | 0.031** | 0.041*** | 0.056*** | 0.031** |
(0.015) | (0.016) | (0.015) | (0.015) | (0.015) | (0.015) | |
Observations | 10,380 | 10,364 | 10,364 | 10,380 | 10,364 | 10,364 |
R-squared | 0.483 | 0.432 | 0.478 | 0.503 | 0.463 | 0.499 |
Adj. R-squared | 0.482 | 0.431 | 0.478 | 0.500 | 0.460 | 0.497 |
Cumulative Bias in CPI from 85/86 to 96/97 (%) | 61.6 | 58.0 | 58.9 | 64.2 | 63.7 | 60.8 |
P. 5 (%) | 63.2 | 60.3 | 60.5 | 66.2 | 66.7 | 62.9 |
P. 95 (%) | 59.8 | 55.6 | 57.1 | 62.2 | 60.8 | 58.9 |
Annual Implicit Bias from 85/86 to 96/97 (%) | 8.33 | 7.59 | 7.77 | 8.91 | 8.81 | 8.17 |
P. 5 (%) | 8.69 | 8.05 | 8.09 | 9.39 | 9.52 | 8.61 |
P. 95 (%) | 7.94 | 7.11 | 7.40 | 8.46 | 8.15 | 7.76 |
Cumulative Bias in CPI from 85/86 to 04/05 | 64.2 | 66.1 | 61.0 | 67.6 | 71.2 | 64.1 |
P. 5 (%) | 66.3 | 68.5 | 63.1 | 70.2 | 74.3 | 66.7 |
P. 95 (%) | 61.9 | 63.5 | 58.8 | 64.9 | 67.9 | 61.6 |
Annual Implicit Bias from 85/86 to 04/05 (%) | 5.00 | 5.26 | 4.60 | 5.48 | 6.03 | 5.00 |
P. 5 (%) | 5.29 | 5.62 | 4.86 | 5.87 | 6.58 | 5.35 |
P. 95 (%) | 4.72 | 4.91 | 4.34 | 5.11 | 5.53 | 4.67 |
Cumulative Bias in CPI from 96/97 to 04/05 | 6.69 | 19.20 | 5.03 | 9.62 | 20.60 | 8.42 |
P. 5 (%) | 11.50 | 24.20 | 9.20 | 16.40 | 27.90 | 14.40 |
P. 95 (%) | 0.80 | 13.60 | − 0.26 | 2.05 | 12.00 | 2.12 |
Annual Implicit Bias from 96/97 to 04/05 (%) | 0.77 | 2.34 | 0.57 | 1.12 | 2.53 | 0.97 |
P. 5 (%) | 1.35 | 3.03 | 1.07 | 1.97 | 3.57 | 1.71 |
P. 95 (%) | 0.09 | 1.61 | − 0.03 | 0.23 | 1.41 | 0.24 |