英文摘要 |
Considering the possible heterogeneity of traveling expenditure among households, this study estimates the Engel curve of household traveling expenditures in Taiwan based on quantile regression. By using data from the Survey of Family Income and Expenditure of Taiwan over the past three decades (1976-2005), we are able to observe the changing patterns of Engel curves in response to fast economic growth along with the evolution of socio-economic and socio-demographic factors. Empirical results show that heterogeneity across the conditional distribution of traveling expenditures was evident not only in the marginal propensity to consume on travel but also in other household characteristics. Consequently, economic growth lead to higher expenditures on traveling consistently, while the proportions of domestic versus overseas traveling are crucially determined by household demographic characteristics. |