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We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...
Persistent link: https://www.econbiz.de/10012772369
. There is clear evidence that short-term diaries do not accurately capture household food spending patterns given infrequency …
Persistent link: https://www.econbiz.de/10013074226
Over the last 15 years, the typical household has increasingly concentrated its spending on a few preferred products … heterogeneous household demand and use it to conclude that increasing product variety drives these divergent trends. When more … care more about generating new customers. Surprisingly, our model matches the observed trends in household and aggregate …
Persistent link: https://www.econbiz.de/10012865267
accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and …
Persistent link: https://www.econbiz.de/10013054868
The impacts of choice in public services are controversial. We exploit a reform in the English National Health Service to assess the impact of relaxing constraints on patient choice. We estimate a demand model to evaluate whether increased choice increased demand elasticity faced by hospitals...
Persistent link: https://www.econbiz.de/10013097271
We document a decline in the frequency of shopping trips in the U.S. since 1980 and consider its implications for the measurement of consumption inequality. A decline in shopping frequency as households stock up on storable goods (i.e. inventory behavior) will lead to a rise in expenditure...
Persistent link: https://www.econbiz.de/10012957375
The theory of intertemporal choice predicts that the cross-sectional variance of the marginal utility of consumption is equal to its own lag plus a constant and a random component. Using general preference specifications and some assumptions about the nature of the random component, we provide...
Persistent link: https://www.econbiz.de/10013224863
Recent research into the implications of low birth weight may be plagued by unobserved variable bias. It is unclear whether the later-life consequences found to be associated with low birth weight are a true effect of poundage' at birth, or whether this association results from underlying...
Persistent link: https://www.econbiz.de/10013218712
and behaviours. OLS regressions suggest an ambiguous association between alcohol exposure in utero and children's academic …
Persistent link: https://www.econbiz.de/10013060260
rational expectations Life-Cycle/Permanent Income Hypothesis, household consumption should not respond to paycheck arrival …. Using data from the United Kingdom's Family Expenditure Survey, this paper finds that household consumption is excessively …
Persistent link: https://www.econbiz.de/10013218300