Arbeitspapier
Durable purchases over the later life cycle
We investigate life cycle patterns of demand for services from household durables using UK panel data. We take careful account of prices, demographics, labour supply and health. Demand for consumer electronics rises with age, while the demand for household appliances is flat. These findings contrast with the well documented decline in nondurable consumption at older ages, and suggest that studies that estimate the overall discount rate from nondurable consumption may underestimate consumer patience and the savings required to fund retirement. We also find important nonseparabilities between the demand for durables, labour supply and health status.
- Sprache
-
Englisch
- Erschienen in
-
Series: IFS Working Papers ; No. W12/13
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Consumer Economics: Empirical Analysis
- Thema
-
life cycle model
consumer behaviour
durables
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Browning, Martin
Crossley, Thomas F.
Lührmann, Melanie
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for Fiscal Studies (IFS)
- (wo)
-
London
- (wann)
-
2012
- DOI
-
doi:10.1920/wp.ifs.2012.1213
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Browning, Martin
- Crossley, Thomas F.
- Lührmann, Melanie
- Institute for Fiscal Studies (IFS)
Entstanden
- 2012
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