Arbeitspapier
Consumption during the Great Recession in Italy
We use Italian micro data to investigate how consumers reacted to the Great Recession. In particular, we study the age profiles of non-durable consumption, durable purchases and wealth over the 2008-2012 period for different year-of-birth cohorts, and how they departed from the way they would have been had consumer behavior been the same as it was over the 1995-2006 period. We find that consumption dropped most for younger households - only part of these drops can be explained by the increase in unemployment. We also investigate whether the crisis had an impact on the way consumers allocate their spending among broad consumption bundles. We find that the budget elasticity of the demand for food changed during the recession period, particularly among the young.
- Language
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Englisch
- Bibliographic citation
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Series: IFS Working Papers ; No. W16/10
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Celidoni, Martina
De Nadai, Michele
Weber, Guglielmo
- Event
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Veröffentlichung
- (who)
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Institute for Fiscal Studies (IFS)
- (where)
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London
- (when)
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2016
- DOI
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doi:10.1920/wp.ifs.2016.1610
- Handle
- Last update
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10.03.2025, 11:44 AM CET
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
- Celidoni, Martina
- De Nadai, Michele
- Weber, Guglielmo
- Institute for Fiscal Studies (IFS)
Time of origin
- 2016
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