全球智库信息集成服务系统(G2TT): DP16918 Measuring Income and Wealth Effects on Private-Label Demand with Matched Administrative Data

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP16918
	DP16918 Measuring Income and Wealth Effects on Private-Label Demand with Matched Administrative Data
	Calogero Brancatelli; Roman Inderst; Thomas Otter
发表日期	2022-01-17
出版年	2022
语种	英语
摘要	Industry sentiment and practitioners’ observations link income and wealth to private-label demand. The intuition is that decreasing income and wealth increase the demand for (cheaper) private labels. Recent academic research focusses on measuring the causal effect of income and wealth changes on demand for private labels. Whereas plausible causality is harder to establish in aggregate, time series analyses, such analyses suggest large effect sizes (e.g. Lamey, Deleersnyder, Dekimpe, and Steenkamp 2007). An individual-level perspective greatly facilitates plausibly causal estimates (Dubé, Hitsch and Rossi 2018) but poses measurement challenges. We overcome these challenges by linking household scanner data to administrative data. We analyse individual-level private-label shares measured in household scanner data as a function of income and wealth, both from a linked administrative database in the Netherlands in the period from 2011–2018 and both aggregated over all household members (rather than only from the main earner). We find that relying on within-household variation in surveyed income data attenuates income effects relative to using that from administrative data. Yet, we find an economically small effect. Using our direct measures of wealth, we find a statistically reliable but again economically small effect of financial wealth on private-label shares. Wealth from housing does not proxy this effect, nor does housing wealth seem to independently influence private-label shares.
主题	Financial Economics ; International Macroeconomics and Finance ; Macroeconomics and Growth
关键词	Private-label demand Income and wealth effects Recession Consumer demand
URL	https://cepr.org/publications/dp16918
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/545850
推荐引用方式 GB/T 7714	Calogero Brancatelli,Roman Inderst,Thomas Otter. DP16918 Measuring Income and Wealth Effects on Private-Label Demand with Matched Administrative Data. 2022.