Consumption Inequality and the Frequency of Purchases
Consumption Inequality and the Frequency of Purchases
复制标题
消费不平等和购买频率
DOI:
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发表时间:
2017
期刊:
影响因子:
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通讯作者:
Dmitri K. Koustas
中科院分区:
文献类型:
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作者:
Olivier Coibion;Y. Gorodnichenko;Dmitri K. Koustas
We document a decline in the frequency of shopping trips in the United States since 1980 and consider its implications for the measurement of consumption inequality. A decline in shopping frequency as households stock up on storable goods (i.e., inventory behavior) will lead to a rise in expenditure inequality when the latter is measured at high frequency, even when underlying consumption inequality is unchanged. We find that most of the recently documented rise in expenditure inequality in the United States since the 1980s can be accounted for by this phenomenon. Using detailed micro data on spending, which we link to data on club/warehouse store openings, we directly attribute much of the reduced frequency of shopping trips to the rise in club/warehouse stores. (JEL D12, D31, D63, D91, E21)