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来源类型Working Paper
规范类型报告
DOI10.3386/w23357
来源IDWorking Paper 23357
Consumption Inequality and the Frequency of Purchases
Olivier Coibion; Yuriy Gorodnichenko; Dmitri Koustas
发表日期2017-05-01
出版年2017
语种英语
摘要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 inequality when the latter is measured at high frequency, even when underlying consumption inequality is unchanged. We find that most of the recently documented rise in expenditure inequality in the U.S. since the 1980s can be accounted for by this phenomenon. Using detailed micro data on spending which we link to data on club/warehouse store openings, we directly attribute much of the reduced frequency of shopping trips to the rise in club/warehouse stores.
主题Microeconomics ; Market Structure and Distribution ; Welfare and Collective Choice ; Macroeconomics ; Consumption and Investment
URLhttps://www.nber.org/papers/w23357
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581031
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Olivier Coibion,Yuriy Gorodnichenko,Dmitri Koustas. Consumption Inequality and the Frequency of Purchases. 2017.
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