Arbeitspapier

Pandemic Consumption

This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical Office covering the second wave of COVID-19 infections from September to November 2020. Households reduced their consumption expenditures on durables and social activities by, respectively, 24 percent and 36 percent in response to one hundred extra infections per one hundred thousand inhabitants per week. The effect was concentrated among the elderly, whose mortality risk from COVID-19 infection was arguably the highest.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 10397

Classification
Wirtschaft
Consumer Economics: Empirical Analysis
Macroeconomics: Consumption; Saving; Wealth
Business Fluctuations; Cycles
Health Behavior
Subject
consumption
health risk
pandemic
COVID-19
survey data

Event
Geistige Schöpfung
(who)
Bachmann, Ruediger
Bayer, Christian
Kornejew, Martin
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2023

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Bachmann, Ruediger
  • Bayer, Christian
  • Kornejew, Martin
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2023

Other Objects (12)