The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey.
The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey.
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DOI：
10.1016/j.euroecorev.2021.103953
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发表时间：
2021-11
影响因子：
2.8
通讯作者：
Salle, Isabelle
中科院分区：
文献类型：
--
作者：
Hodbod, Alexander;Hommes, Cars;Huber, Stefanie J.;Salle, Isabelle
关键词：
未来的经济发展取决于消费者的消费行为。一个关键问题是，一旦取消社交距离限制，私人支出是否会恢复，或者COVID-19危机是否会对消费者信心、偏好以及支出产生持续影响。COVID-19危机的漫长而深刻的经历可能会持久地影响消费者的偏好。在第一波封锁限制解除后，我们于2020年夏季在五个欧洲国家进行了一项有代表性的消费者调查，并记录了家庭在五个关键领域消费减少的根本原因：旅游、酒店、服务、零售和公共交通。我们发现南欧国家的信心受到了巨大冲击，北欧国家的消费者偏好发生了转变，特别是在高收入者中。我们的结论是，2019冠状病毒病的经历改变了消费者行为，可能会发生长期的行业消费转变。
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, preferences, and, hence, spending. The elongated and profound experience of the COVID-19 crisis may durably affect consumer preferences. We conducted a representative consumer survey in five European countries in summer 2020, after the release of the first wave’s lockdown restrictions, and document the underlying reasons for households’ reduction in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large confidence shock in the Southern European countries and a shift in consumer preferences in the Northern European countries, particularly among high-income earners. We conclude that the COVID-19 experience has altered consumer behavior and that long-term sectoral consumption shifts may occur.
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