Titelaufnahme

Titel
Consumption inequality and the frequency of purchases / Olivier Coibion (University of Texas at Austin and NBER), Yuriy Gorodnichenko (University of California, Berkeley, NBER and IZA), Dmitri Koustas (University of California, Berkeley) ; IZA Institute of Labor Economics
VerfasserCoibion, Olivier In der Gemeinsamen Normdatei der DNB nachschlagen ; Gorodnichenko, Yuriy In der Gemeinsamen Normdatei der DNB nachschlagen ; Koustas, Dmitri In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, July 2017
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Elektronische Ressource
Umfang1 Online-Ressource (39 Seiten) : Diagramme, Karten
SerieDiscussion paper ; no. 10882
URNurn:nbn:de:hbz:5:2-136302 Persistent Identifier (URN)
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Consumption inequality and the frequency of purchases [0.81 mb]
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Zusammenfassung

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.