The aim of the study is to analyse the relationship between recession, population structure and consumption behaviour over the life cycle. To this aim, we consider three clusters of non-durable expenditures such as food at home, work-related and core expenditures. The analysis has been performed on micro data on the Household Budgets for the period 1997-2013. Based on life cycle theory, two statistical models has been estimated, viz. a pre-crisis (1997-2007) and a great recession period (2008-2013) model. The study shows that the recession has entailed a reduction of the average expenditure for each category of consumption, and the intensity of the reduction is different among households and generations.

Cracolici M.F., Bernini C., Cuffaro M. (2015). Inequalities in Consumption Patterns over the Life Cycle and during the Great Recession. In Statistics and Demography: the Legacy of Corrado Gini.

Inequalities in Consumption Patterns over the Life Cycle and during the Great Recession

CRACOLICI, Maria Francesca;CUFFARO, Miranda
2015-01-01

Abstract

The aim of the study is to analyse the relationship between recession, population structure and consumption behaviour over the life cycle. To this aim, we consider three clusters of non-durable expenditures such as food at home, work-related and core expenditures. The analysis has been performed on micro data on the Household Budgets for the period 1997-2013. Based on life cycle theory, two statistical models has been estimated, viz. a pre-crisis (1997-2007) and a great recession period (2008-2013) model. The study shows that the recession has entailed a reduction of the average expenditure for each category of consumption, and the intensity of the reduction is different among households and generations.
2015
Consumption behaviour; Life cycle analysis; Cohort approach; Great recession
9788867874521
Cracolici M.F., Bernini C., Cuffaro M. (2015). Inequalities in Consumption Patterns over the Life Cycle and during the Great Recession. In Statistics and Demography: the Legacy of Corrado Gini.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10447/151255
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