Expenditure responses to the COVID-19 pandemic()

We examine how the COVID-19 contagion influences consumer expenditure patterns. We show that the consumption expenditure responses to the spread of the COVID-19 pandemic are significantly different between the older and younger generations. We find that older adults spend less than the younger gener...

Descripción completa

Detalles Bibliográficos
Autores principales: Kikuchi, Junichi, Nagao, Ryoya, Nakazono, Yoshiyuki
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9798652/
https://www.ncbi.nlm.nih.gov/pubmed/36593914
http://dx.doi.org/10.1016/j.japwor.2022.101174
Descripción
Sumario:We examine how the COVID-19 contagion influences consumer expenditure patterns. We show that the consumption expenditure responses to the spread of the COVID-19 pandemic are significantly different between the older and younger generations. We find that older adults spend less than the younger generation by at least 5% during the pandemic. In fact, those aged above 60 significantly decrease their spending even on food and drink products by 13%. We also find that older adults forgo shopping in favor of the younger generation. These responses might be due to the fear of COVID-19 infection (Immordino et al., 2022).

Ejemplares similares