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.
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
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