Do time poor individuals pay more?

Arbeitspapier

There is a rising number of concepts that try to describe the broad perception of time poverty. Though detailed time poverty analyses are available, still little is said about its impacts on the individual behaviour. Within this article, a possible new implication is analysed: The author tests whether time poor individuals compare less between prices as a result of their time deficit, therefore do not identify bargains or rip-offs and pay on average more for identical products and services than not time poor individuals. Using data drawn from the German Time Use Survey (GTUS) 2001/02, time use information is imputed into the German Sample Survey of Income and Expenditure (IES) 2003 to identify time poor individuals in the IES 2003. Instrumental variables estimations are arranged to account for an expected bias in ordinary least squares estimations - caused by the excluded variable (search) ability - and to catch the causal effect of time poverty on paid prices. The results do not confirm a higher price paid by time poor individuals. The findings rather suggest that time poor persons find trust in stores with a fair price performance ratio, remain loyal to them and accordingly pay a similar amount for goods and services than not time poor individuals in most cases.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: FFB Diskussionspapier ; No. 91

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Consumer Economics: Empirical Analysis ; Asymmetric and Private Information; Mechanism Design ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
• Thema: Time poverty ; Time use and well-being ; Price dispersion ; Price Search ; Asymmetric Information ; Zeitarmut ; Zeitverwendung und Wohlfahrt ; Preisunterschiede ; Preissuche ; Asymmetrische Information ; Zeitverwendung ; Verbraucherausgaben ; Preis ; Informationsverhalten ; Asymmetrische Information ; Schätzung ; Deutschland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Rathjen, Tim
• Ereignis: Veröffentlichung
• (wer): Leuphana Universität Lüneburg, Forschungsinstitut Freie Berufe (FFB)
• (wo): Lüneburg
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/67914
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ