Abstract
Adolescents have relatively large sums of money at their disposal; How and on what goods they spend their money is the subject of this paper. An AID system describing the influences of demographic characteristics, pseudo-prices and income on various expenditure categories is estimated. The system is estimated in two steps with the first step explaining zero-expenditures. Income elasticities and pseudo-price elasticities are presented. A comparison is made on the basis of three large data sets, gathered in 1984, 1990, and 1992.
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