Journal articles: 'Consumption (Economics) Home economics'

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Wang, Yabin. "Home Production and China's Hidden Consumption." Review of Income and Wealth 66, no. 1 (November 25, 2018): 181–204. http://dx.doi.org/10.1111/roiw.12400.

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Cooke, Dudley. "Consumption home bias and exchange rate behavior." Journal of Macroeconomics 32, no. 1 (March 2010): 415–25. http://dx.doi.org/10.1016/j.jmacro.2009.08.001.

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Costa, Dora L., and Matthew E. Kahn. "Electricity Consumption and Durable Housing: Understanding Cohort Effects." American Economic Review 101, no. 3 (May 1, 2011): 88–92. http://dx.doi.org/10.1257/aer.101.3.88.

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We find that households living in California homes built in the 1960s and 1970s had high electricity consumption in 2000 relative to houses of more recent vintages because the price of electricity at the time of home construction was low. Homes built in the early 1990s had lower electricity consumption than homes of earlier vintages because the price of electricity was higher. The elasticity of the price of electricity at the time of construction was -0.22. As homes built between 1960 and 1989 become a smaller share of the housing stock, average household electricity purchases will fall.

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Li, Hongbin, Xinzheng Shi, and Binzhen Wu. "The Retirement Consumption Puzzle in China." American Economic Review 105, no. 5 (May 1, 2015): 437–41. http://dx.doi.org/10.1257/aer.p20151007.

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Using data from China's Urban Household Survey and exploiting China's mandatory retirement policy, we use the regression discontinuity approach to estimate the impact of retirement on household expenditures. Retirement reduces total non-durable expenditures by 20 percent. Among the categories of non-durable expenditures, retirement reduces work-related expenditures and expenditures on food consumed at home but has an insignificant effect on entertainment expenditures. After excluding these three components, retirement does not have an effect on the remaining non-durable expenditures. It suggests that the retirement consumption puzzle might not be a puzzle if a life-cycle model with home production is considered.

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Lewis, Karen K. "Trying to Explain Home Bias in Equities and Consumption." Journal of Economic Literature 37, no. 2 (June 1, 1999): 571–608. http://dx.doi.org/10.1257/jel.37.2.571.

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Investors hold a substantially larger proportion of their wealth portfolios in domestic assets than standard portfolio theory would suggest, a phenomenon called “equity home bias.” In the absence of this bias, investors would optimally diversify domestic output risk using foreign equities. Therefore, consumption growth rates would tend to co-move across countries even when output growth rates do not. Empirically, however, consumption growth rates tend to have a lower correlation across countries than do output growth rates, a phenomenon I call “consumption home bias.” In this paper, I discuss these two biases and their potential relationship as suggested by the literature.

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Lee, Inkoo. "Productivity and consumption home bias with goods market frictions." Economic Modelling 41 (August 2014): 316–18. http://dx.doi.org/10.1016/j.econmod.2014.05.032.

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Aladangady, Aditya. "Housing Wealth and Consumption: Evidence from Geographically Linked Microdata." American Economic Review 107, no. 11 (November 1, 2017): 3415–46. http://dx.doi.org/10.1257/aer.20150491.

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Rising home values also raise the cost of living, offsetting their impact on consumption. However, additional home equity collateral can loosen borrowing constraints, increasing spending for households that value their current endowment of housing highly. I use geographically linked microdata to exploit regional heterogeneity in housing markets and identify the causal effect of house price fluctuations on consumer spending. A $1 increase in home values leads to a $0.047 increase in spending for homeowners, but a negligible response for renters. Results reflect large responses among credit constrained households, suggesting looser borrowing constraints are a primary driver of the MPC out of housing wealth. (JEL D12, D14, E21, R31)

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Forrester, Kellie. "HOME TO MARKET: IMPLICATIONS FOR THE CONSUMPTION TO OUTPUT RATIO." Macroeconomic Dynamics 23, no. 1 (July 27, 2017): 448–78. http://dx.doi.org/10.1017/s1365100517000025.

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The United States' postwar period has seen an increase in aggregate market hours worked, a decline in home production hours, and an increase in the consumption to output ratio. A multisector growth model that allows for an increase in total factor productivity in the market sector relative to the home sector can account for these phenomena. Households shift hours to the more productive market sector and purchase measured market goods in favor of unmeasured home goods. This channel accounts for a quarter of the increase in the consumption to output ratio observed in the data from 1950 to 2007.

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Moriizumi, Yoko, Piyush Tiwari, and Norifumi Yukutake. "Smoothing consumption fluctuations through household decisions on home improvement expenditure in Japan." International Journal of Housing Markets and Analysis 7, no. 1 (February 25, 2014): 76–97. http://dx.doi.org/10.1108/ijhma-10-2012-0055.

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Purpose – The purpose of this paper is to investigate the housing improvement expenditure as a consumption smoothing strategy for Japanese households. Design/methodology/approach – Tobit estimation method is used to empirically investigate the role of home improvement expenditure in smoothing consumption for households in Japan using data from Japan Housing Demand Survey for 2003. Findings – Findings suggest that: households in Japan use home improvement expenditure to adjust fluctuation in income. Income-constrained elderly households reduce their housing consumption by not improving their homes ceteris paribus in order to maintain their consumption levels. The mortgage repayment burden also plays an important role in home improvement expenditure decisions. Research limitations/implications – An implication of the analysis is that households who do not own houses may require policy intervention to maintain their welfare. Policies such as subsidies for renters in Japan need to be devised which will provide renters opportunities to smooth consumption. Further, reduction in home improvement expenditure leads to deterioration of quality of housing stock if economic downturn persists longer. This suggests that policies such as tax reduction, tax allowance or tax credit to bolster home improvement behaviour are needed during economic downturn to sustain quality of housing stock. Originality/value – The paper contributes to the limited literature on the role of home improvement expenditure as a consumption smoothing instrument for households. Those who do not own houses are constrained in maintaining their welfare during downturn. Findings are important for policy makers and paper makes some suggestions in this regard.

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Benjamin, J. D., and P. Chinloy. "Home Equity, Household Savings and Consumption." Journal of Real Estate Finance and Economics 37, no. 1 (August 7, 2007): 21–32. http://dx.doi.org/10.1007/s11146-007-9059-1.

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Lundberg, Shelly. "Psychology and Family Economics." Perspektiven der Wirtschaftspolitik 12, Supplement (May 2011): 66–81. http://dx.doi.org/10.1111/j.1468-2516.2011.00357.x.

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AbstractA substantial increase in the availability of data on psychosocial traits in large representative longitudinal samples has opened up new areas of research for economists and new opportunities for collaborations with psychologists. As an example, I incorporate personality into alternative economic models of marriage, with individual traits associated with either productivity in home or market sectors, or preferences for household public goods. Empirically, personality traits have robust effects on individual propensities to marry and to divorce in a representative sample of the German population. Changes in these patterns across cohorts are consistent with a shift in the principal sources of marital surplus from production complementarities to consumption complementarities in the past few decades. Some personality traits related to divorce are also related to limited self-control in other domains, and suggest that departures from rational action should be considered in models of family behavior. In general, further analysis of the impact of personality and other psychological indicators on family relationships may improve our understanding of variation in partnership and parental decision-making, and of their responses to policy and to institutional environments.

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Feng, Ling. "TASTE SHOCKS, ENDOGENOUS LABOR SUPPLY, AND EQUITY HOME BIAS." Macroeconomic Dynamics 18, no. 7 (April 3, 2013): 1466–87. http://dx.doi.org/10.1017/s1365100512001046.

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The puzzling bias of equity portfolios toward domestic assets (equity home bias) remains substantial. This paper proposes a dynamic stochastic general equilibrium model and demonstrates that shocks to consumption tastes (taste shocks) are an effective explanation for the equity home bias puzzle. In the model, home assets provide insurance for home agents to hedge against domestic taste fluctuations, whereas such insurance cannot be offered by foreign assets. The empirical evidence shows that, in explaining equity home bias, hedging against consumption taste risks is more relevant than hedging against labor income risks or real exchange rate risks.

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Wright, Elizabeth J. "Home Economics: Children, Consumption, and Montessori Education in Dorothy Canfield Fisher's Understood Betsy." Children's Literature Association Quarterly 32, no. 3 (2007): 213–30. http://dx.doi.org/10.1353/chq.2007.0045.

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Hong, Jay H., and José-Víctor Ríos-Rull. "Life Insurance and Household Consumption." American Economic Review 102, no. 7 (December 1, 2012): 3701–30. http://dx.doi.org/10.1257/aer.102.7.3701.

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Using life insurance holdings by age, sex, and marital status, we infer how individuals value consumption in different demographic stages. We estimate equivalence scales and bequest motives simultaneously within a fully specified model where agents face US demographics and save and purchase life insurance. Our findings indicate that individuals are very caring for dependents, that economies of scale are large, that children are very costly (or yield very high marginal utility), that wives with children produce lots of home goods, and that females display habits from marriage, while men do not. These findings contrast sharply with standard equivalence scales.

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Meiners, Norbert. "Economics of ageing: research area and perspectives." Quality in Ageing and Older Adults 15, no. 2 (June 3, 2014): 63–75. http://dx.doi.org/10.1108/qaoa-07-2013-0020.

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Purpose – The purpose of this paper is to analyse the latest findings on the economic potential of ageing and compare them primarily from a consumables perspective. The relevant question relating to this research was: What are the economic consequences of the demographic development in relation to consumer demand for products and services in old age? Design/methodology/approach – Narrative systematic publications were thoroughly reviewed and collated. A systematic search was carried out in journals, books, databases, the internet as well as within the scientific community from November 2012 to May 2013. Findings – A total of 115 relevant scientific publications were identified in this review (from 1964 to 2013). In order to gain an actual overview of the relevant literature, the results show the most recent publications from 2000 to 2013. Research limitations/implications – There are three limitations within this paper: First, the search process used only four databases. Second, this review only took into account publications in English and German. Therefore, the review may fail to encompass all published literature. Finally, this study did not endeavour to evaluate the methodological quality of each scientific publication. Study findings were taken as reported. Originality/value – This paper aims at analysing the economic potentials of ageing primarily from the perspective of consumption. The focus of this economics of ageing investigation is on the “demography-related” consequences in terms of the demand behaviour of the older consumers (the elderly as potential buyers). The paper deals with all the “silver economy” as a cross-sector campaign and research area for economics of ageing – a still fairly young discipline, both in science and in practical applications.

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Gisslevik, Emmalee, Inga Wernersson, and Christel Larsson. "Home Economics Teachers’ Perceptions of Facilitating and Inhibiting Factors When Teaching Sustainable Food Consumption." Sustainability 10, no. 5 (May 7, 2018): 1463. http://dx.doi.org/10.3390/su10051463.

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Kim, Nam Eun. "Proposal of ‘Consumer Life’ Area Curriculum in Home Economics Education for Ethical Consumption Practice." Korean Home Economics Education Association 30, no. 4 (December 30, 2018): 57–81. http://dx.doi.org/10.19031/jkheea.2018.12.30.4.57.

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Redmond, William H. "Home Equity, Fungibility, and Consumption: The Increasing Rationalization of Society." Review of Radical Political Economics 39, no. 2 (June 2007): 201–13. http://dx.doi.org/10.1177/0486613407302483.

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Boerma, Job, and Loukas Karabarbounis. "Inferring Inequality With Home Production." Econometrica 89, no. 5 (2021): 2517–56. http://dx.doi.org/10.3982/ecta15966.

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We revisit the causes, welfare consequences, and policy implications of the dispersion in households' labor market outcomes using a model with uninsurable risk, incomplete asset markets, and home production. Allowing households to be heterogeneous in both their disutility of home work and their home production efficiency, we find that home production amplifies welfare‐based differences, meaning that inequality in standards of living is larger than we thought. We infer significant home production efficiency differences across households because hours working at home do not covary with consumption and wages in the cross section of households. Heterogeneity in home production efficiency is essential for inequality, as home production would not amplify inequality if differences at home only reflected heterogeneity in disutility of work.

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Horrell, Sara. "Home Demand and British Industrialization." Journal of Economic History 56, no. 3 (September 1996): 561–604. http://dx.doi.org/10.1017/s0022050700016946.

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Household budget studies are used to assess working-class demand for manufactures over industrialization. Contrary to demand-side proponents, increased urbanization, enhanced opportunities for women's and children's work, and a declining subsistence sector all retrenched consumption patterns into demand for the products of traditional industries and decreased demand for the products of new manufacturing industries. However, consideration of national expenditure on necessities shows an increasing surplus available for discretionary expenditure between 1801 and 1841. This reflects an increased purchasing power of the middle and upper classes that may have manifested itself as substantially increased demand for domestic manufactures.

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B.E., Uwameiye. "SOME SELECTED FACTORS AFFECTING EATING BEHAVIOR OF ADOLESCENT: IMPLICATION FOR HOME ECONOMICS." International Journal of Research -GRANTHAALAYAH 6, no. 12 (December 31, 2018): 1–11. http://dx.doi.org/10.29121/granthaalayah.v6.i12.2018.1069.

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This research identified some selected factors affecting the eating behavior of adolescent in Esan West Local Government Area. Four questions and four null hypotheses guided the study. A total of 679 students were utilized. A 30-item questionnaire was the instrument for gathering the data. Mean, standard deviations answered the research questions, while the t-test was utilized for testing the null hypotheses at.05 level of significance. Findings revealed among others that the respondents have poor eating behavior such as skipping of breakfast among urban and rural respondents (1.06, 1.02), low consumption of fruits and vegetable, (3.01, 3.20) Consume fried foods daily (3.33, 2.56). Low intake of carbohydrates among the urban respondents (2.55) then, the rural respondents (3.22), regular consumption of sweets, biscuits, snacks, soda and sweetened drinks daily among respondents. (3.05, 2.60). Other findings are that respondents agreed that all the maternal, environmental and media factors affect the eating behavior of the adolescent. The result also indicates that hypothesis one had significant differences in items 3,5,6&7. Which mean that the stated null hypothesis at.05 level of significance is rejected for those items. The results in items 1,2,4,8,9&10 indicated there is no significant difference in their mean responses, therefore the null hypothesis of no significance difference is retained for those items. In the last three hypotheses all the items had t calculated less than t-table value of 1.96 at.05 level of significance. Thus, the hypotheses of no significant difference were retained in the three hypotheses. The study recommended among others that: Parents should be advised to guide and monitor their children in the use of the media, by occupying their children with other physical activities to reduce television viewing, video games and the use of computer, so as to guide against the acquisition of wrong nutrition information that can lead to poor eating behavior.

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Håkansson, Andreas. "Indoctrination or education? Intention of unqualified teachers to transfer consumption norms in home economics teaching." International Journal of Consumer Studies 39, no. 6 (March 20, 2015): 682–91. http://dx.doi.org/10.1111/ijcs.12180.

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Stancanelli, Elena, and Arthur Van Soest. "Retirement and Home Production: A Regression Discontinuity Approach." American Economic Review 102, no. 3 (May 1, 2012): 600–605. http://dx.doi.org/10.1257/aer.102.3.600.

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Existing studies show that individuals who retire replace some private consumption with home production, but do not consider joint behavior of couples. Here we analyze the causal effect of retirement of each partner on hours of home production for both partners in a couple. Our identification strategy exploits the earliest age retirement laws in France, enabling a fuzzy regression discontinuity approach. We find that own retirement significantly increases own hours of home production and the effect is larger for men than for women. Moreover, retirement of the female partner significantly reduces male hours of home production but not vice versa.

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Raschke, Christian. "The Impact of the German Child Benefit on Household Expenditures and Consumption." German Economic Review 17, no. 4 (December 1, 2016): 438–77. http://dx.doi.org/10.1111/geer.12079.

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Abstract The German Child Benefit (‘Kindergeld’) is paid to legal guardians of children as a cash benefit. The benefit does not depend on household income or other household characteristics. I use exogenous variations in the amount of child benefit received by households in the German Socio-Economic Panel to estimate the impact of a given change in the child benefit on food expenditures of households, the probability of owning a home, rent per square meter, measures of the size of the home, as well as parents’ smoking behavior and parents’ alcohol consumption. Households primarily increase per capita food expenditures in response to increases in child benefit, and they also improve housing conditions. The effect of child benefit on per capita food expenditures is larger for low-income households compared to high-income households. I do not find a significant effect of child benefit on parents’ smoking or drinking.

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Poniatowska-Jaksch, Małgorzata. "Energy Consumption in Central and Eastern Europe (CEE) Households in the Platform Economics." Energies 14, no. 4 (February 14, 2021): 1002. http://dx.doi.org/10.3390/en14041002.

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The ongoing digitization of the economy has led to the creation and functioning of platform model socio-economic systems. It is also reflected in the changes in patterns of energy consumption in households. In the first cross-section, it is an industrial revolution, with environmental benefits. However, platforms are primarily a revolution in the consumption sphere, and here, the effects of digitization are not fully recognized. Our social needs are increasingly met “through accessibility” without us leaving our home. Due to the home’s multifunctionality, based on the availability of platform services, household energy consumption should be viewed differently today than before. The article aims to show the changes in Central and Eastern Europe (CEE) household energy consumption between 2008–2018 and their assessment through the prism of the economy’s platformization methods. The study presents the changes in energy consumption in households and determines the correlations between platformization (the author’s index) and changes in energy consumption in households with the use of taxonomic methods. The platformization leaders—Estonia and Lithuania—were subjected to a more detailed analysis. The presented method(s) may be useful in predicting the changes in households’ energy consumption caused by the digitization of other countries in the region (countries under transformation and outsiders-Bulgaria, Romania), in implementing household energy management systems, and in a better adjustment of regulations directed at these consumers.

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Zhang, Jie, James Davies, Jinli Zeng, and Stuart McDonald. "Optimal taxation in a growth model with public consumption and home production." Journal of Public Economics 92, no. 3-4 (April 2008): 885–96. http://dx.doi.org/10.1016/j.jpubeco.2007.09.008.

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Piligrimienė, Žaneta, Jūratė Banytė, Aistė Dovalienė, Agnė Gadeikienė, and Hubert Korzilius. "Sustainable Consumption Patterns in Different Settings." Engineering Economics 32, no. 3 (June 30, 2021): 278–91. http://dx.doi.org/10.5755/j01.ee.32.3.28621.

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The purpose of this study is to identify sustainable consumption patterns of Lithuanian consumers based on their sustainable consumption behaviour in two settings: at home and at work. The study also attempts to describe the segments and highlight their differences in terms of consumer engagement into sustainable consumption, which in the present study reflects the psychological state of consumers, determining their actual behaviour. The study sample consisted of 498 Lithuanian consumers. A two-step cluster analysis was performed on sustainable consumption behaviour scores at three consumption phases: acquisition, use, and disposal at home and at work. The differences among the clusters were examined according to five dimensions of consumer engagement, namely, enthusiasm, attention, interaction, absorption, and identification. Cluster analysis identified two clusters based on consumer behaviour at home “convenience-based sustainability” and “true followers” as well as two clusters based on consumer behaviour at work “environment-independent sustainability” and “followers of basic principles”. Clusters in each life domain differed significantly in terms of consumer engagement into sustainable consumption. Segments with high level of sustainable consumption behaviour at home and at work were more highly engaged into sustainable consumption as well.

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Hurst, Erik, and Frank P. Stafford. "Home Is Where the Equity Is: Mortgage Refinancing and Household Consumption." Journal of Money, Credit, and Banking 36, no. 6 (2004): 985–1014. http://dx.doi.org/10.1353/mcb.2005.0009.

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Been, Jim, Susann Rohwedder, and Michael Hurd. "Does Home Production Replace Consumption Spending? Evidence from Shocks in Housing Wealth in the Great Recession." Review of Economics and Statistics 102, no. 1 (March 2020): 113–28. http://dx.doi.org/10.1162/rest_a_00794.

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Becker's theory of home production suggests substitutability between consumption spending and home production. Using panel data with detailed information on spending and time use, we analyze households' ability to replace consumption spending by home-produced counterparts. Keeping wages fixed and changing lifetime resources by the shock to housing wealth during the Great Recession, we estimate an elasticity of substitution that is consistent with a life cycle Becker model. However, we estimate that only about 11% of total spending is replaceable by home production, which, in contrast to prior literature, makes it unlikely that home production fully mitigates the consequences of wealth shocks to well-being.

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Myers, Erica. "Are Home Buyers Inattentive? Evidence from Capitalization of Energy Costs." American Economic Journal: Economic Policy 11, no. 2 (May 1, 2019): 165–88. http://dx.doi.org/10.1257/pol.20170481.

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This paper explores whether home buyers are attentive to energy costs. The cost-effectiveness of market-based pollution policies crucially depends on whether consumers are attentive to energy costs when purchasing energy-using durables. I exploit energy-cost variation from fuel-price changes in Massachusetts where there is significant overlap in the geographic and age distributions of oil-heated and gas-heated homes. The results strongly reject that home buyers are unresponsive to energy costs under a wide range of consumption and discount-rate assumptions. Furthermore, my preferred specification is consistent with full capitalization of fuel expenditures at discount rates similar to mortgage interest rates. (JEL D14, L71, Q41, Q53, Q58, R31)

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Park, Ji Sook, and Jeong Sook Kim. "Analysis of the Content Connectivity of the 2009 Revised Technology & Home Economics Curriculum ‘Consumption’ Area." Family and Environment Research 55, no. 4 (August 21, 2017): 337–49. http://dx.doi.org/10.6115/fer.2017.025.

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Baxter, Marianne, and Urban J. Jermann. "Household Production and the Excess Sensitivity of Consumption to Current Income." American Economic Review 89, no. 4 (September 1, 1999): 902–20. http://dx.doi.org/10.1257/aer.89.4.902.

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Empirical research on the permanent-income hypothesis (PIH) has found that consumption growth is excessively sensitive to predictable changes in income. This finding is interpreted as strong evidence against the PIH. We propose an explanation for apparent excess sensitivity that is based on a quantitative equilibrium model of household production in which permanent-income consumers respond to shifts in sectoral wages and prices by substituting work effort and consumption across home and market sectors. Although the PIH is true, this mechanism generates apparent excess sensitivity because market consumption responds to predictable income growth. (JEL D13, E10, E21).

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Lührmann, Melanie. "Consumer Expenditures and Home Production at Retirement – New Evidence from Germany." German Economic Review 11, no. 2 (May 1, 2010): 225–45. http://dx.doi.org/10.1111/j.1468-0475.2010.00509.x.

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Abstract This paper investigates consumer expenditures of German households pre- and post-retirement. The widely observed distinct drop in spending upon retirement entry poses an empirical puzzle since life cycle theory predicts smoothing of the marginal utility of consumption over time. As one explanation, I explore the role of home production as a substitute for consumer expenses. Taking a combined look at consumer expenditures and time use pre- and post-retirement, I find a significant drop of about 17% of pre-retirement expenses at retirement which coincides with an increase in time spent on home production of an additional 89 minutes per day, accounting for 21% of average home production.

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Bhutta, Neil, and Benjamin J. Keys. "Interest Rates and Equity Extraction During the Housing Boom." American Economic Review 106, no. 7 (July 1, 2016): 1742–74. http://dx.doi.org/10.1257/aer.20140040.

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Credit record panel data from 1999–2010 indicates that the likelihood of home equity extraction (borrowing, on average, about $40,000 against one's home) peaked in 2003 when mortgage rates reached historic lows. We estimate a 27 percent rise in extraction in response to a 100 basis point rate decline, and that house price growth amplifies this relationship. Differential responses to interest rates and home price appreciation by borrower age and credit score provide new evidence of financial frictions. Finally, equity extractions are associated with higher default risk, consistent with the use of borrowed funds for consumption or illiquid investment. (JEL D14, E43, E52, G12, R31)

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Flotho, Stefanie. "FISCAL MULTIPLIERS IN A MONETARY UNION UNDER THE ZERO–LOWER–BOUND CONSTRAINT." Macroeconomic Dynamics 19, no. 6 (March 10, 2014): 1171–94. http://dx.doi.org/10.1017/s1365100513000783.

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This paper analyzes government spending multipliers in a two-country model of a monetary union with price stickiness and home bias in consumption where monetary policy is constrained by the zero lower bound (ZLB) on the nominal interest rate. Government spending multipliers under this constraint are computed and compared with fiscal multipliers in normal times, that is, where the central bank sets the nominal interest rate via a Taylor rule. The trade elasticity and the parameter measuring home bias in consumption play an important role in determining the size of the multiplier. The multipliers are not necessarily large under the ZLB constraint. However, compared with the fiscal multipliers when the central bank sets the nominal interest rate according to a Taylor rule, the multipliers under the ZLB are bigger. Moreover, the persistence parameter of the binding ZLB plays a crucial role.

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Gould, Brian W. "At‐Home Consumption of Cheese: A Purchase‐Infrequency Model." American Journal of Agricultural Economics 74, no. 2 (May 1992): 453–59. http://dx.doi.org/10.2307/1242499.

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Paré, Guy, Placide Poba-Nzaou, and Claude Sicotte. "HOME TELEMONITORING FOR CHRONIC DISEASE MANAGEMENT: AN ECONOMIC ASSESSMENT." International Journal of Technology Assessment in Health Care 29, no. 2 (March 20, 2013): 155–61. http://dx.doi.org/10.1017/s0266462313000111.

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Objectives: There have been very few assessments of the economics of home telemonitoring, and the quality of evidence has often been weakened by methodological flaws. This has made it difficult to compare telehomecare with traditional home care for the chronic diseases studied. This economic analysis is an attempt to address this gap in the literature.Methods: We have analyzed the consumption of healthcare services by 95 patients with various chronic diseases over a 21-month period, that is, 12 months before, 4 months during home telemonitoring use, and over 5 months after withdraw of the technology.Results: Our findings indicate significant benefits to the home telemonitoring program as evidenced by large reductions in number of hospitalizations, length of average hospital stay, and, to a lesser extent, number of emergency room visits. Contrary to expectations, however, the number of home visits by nurses increased both during and after the telemonitoring intervention. In terms of the financial analysis, the telehomecare program resulted in significant savings: the equivalent of over CAD1,557 per patient as calculated on an annualized basis. This represents a net gain of 41 percent as compared to traditional home care.Conclusions: While the present economic analysis led to positive results, additional assessments should be conducted to confirm the cost-effectiveness of this mode of care delivery.

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Agarwal, Sumit, and Wenlan Qian. "Access to Home Equity and Consumption: Evidence from a Policy Experiment." Review of Economics and Statistics 99, no. 1 (March 2017): 40–52. http://dx.doi.org/10.1162/rest_a_00606.

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Yen, Steven T., Biing-Hwan Lin, and Christopher G. Davis. "Consumer knowledge and meat consumption at home and away from home." Food Policy 33, no. 6 (December 2008): 631–39. http://dx.doi.org/10.1016/j.foodpol.2008.02.006.

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Forrester, Kellie, and Jennifer Klein. "AN ANALYSIS OF FEMALE LABOR SUPPLY, HOME PRODUCTION, AND HOUSEHOLD CONSUMPTION EXPENDITURES." Journal of Demographic Economics 84, no. 3 (August 1, 2018): 257–307. http://dx.doi.org/10.1017/dem.2018.8.

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Abstract:The United States saw a rapid transformation of its labor market when the female employment to population ratio nearly doubled from 1950 to 2000. As women shift their hours from the home sector to the market sector, goods that were previously produced in the home may be replaced by market services. This paper uses the Panel Study for Income Dynamics, Consumer Expenditure Survey, and the American Time Use Survey to analyze the extent to which households replace home production with purchased market services, and how the relationship between men’s and women’s labor supplies affects these decisions. We show that women who are employed spend less time on home production activities that have close market alternatives than women who are not employed. Additionally, expenditures on market services that can replace home production are higher for married households in which the woman is employed compared to those with nonworking women.

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KAWAGUCHI, DAIJI. "ARE COMPUTERS AT HOME A FORM OF CONSUMPTION OR AN INVESTMENT? A LONGITUDINAL ANALYSIS FOR JAPAN*." Japanese Economic Review 57, no. 1 (March 2006): 69–86. http://dx.doi.org/10.1111/j.1468-5876.2006.00314.x.

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Aguiar, Mark, and Erik Hurst. "Life-Cycle Prices and Production." American Economic Review 97, no. 5 (November 1, 2007): 1533–59. http://dx.doi.org/10.1257/aer.97.5.1533.

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We use scanner data and time diaries to document how households substitute time for money through shopping and home production. We document substantial heterogeneity in prices paid for identical goods for the same area and time, with older households shopping the most and paying the lowest prices. Doubling shopping frequency lowers a good's price by 7 to 10 percent. We estimate the shopper's price of time and use this series to estimate an elasticity of substitution between time and goods in home production of roughly 1.8. The observed lifecycle time allocation implies a consumption series that differs markedly from expenditures. (JEL D12, D91)

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Benito, Andrew, and Haroon Mumtaz. "EXCESS SENSITIVITY, LIQUIDITY CONSTRAINTS, AND THE COLLATERAL ROLE OF HOUSING." Macroeconomic Dynamics 13, no. 3 (June 2009): 305–26. http://dx.doi.org/10.1017/s1365100508080061.

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We estimate consumption Euler equations using U.K. household-level data, employing a switching regression technique. We find excess sensitivity to income for one group of households but not for a second group. The likelihood of excess sensitivity is greater for the young, those without liquid assets, the degree-educated, ethnic minorities and those with negative home equity, consistent with liquidity constraints and buffer-stock saving. Housing capital gains affect the consumption plans of the excess sensitivity group of households, but not the other group. These results are consistent with a “collateral channel” for housing. Around 20%–40% of U.K. households display excess sensitivity.

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Thoenissen, Christoph. "EXCHANGE RATE DYNAMICS, ASSET MARKET STRUCTURE, AND THE ROLE OF THE TRADE ELASTICITY." Macroeconomic Dynamics 15, no. 1 (April 7, 2010): 119–43. http://dx.doi.org/10.1017/s1365100509991039.

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A canonical flexible-price international real–business cycle model with incomplete financial markets can address the exchange rate–volatility puzzle, the exchange rate–persistence puzzle, and the consumption real–exchange rate anomaly, as well as the quantity anomaly. Crucial for the success of the model is the choice of the elasticity of substitution between home and foreign produced goods. The paper shows that the range of this parameter that allows the model to address these international macroeconomics anomalies is very narrow. Furthermore, the paper highlights an anomalous relationship between real–exchange rate persistence and the elasticity of substitution between home- and foreign-produced goods.

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Davis, George C. "Food at home production and consumption: implications for nutrition quality and policy." Review of Economics of the Household 12, no. 3 (July 18, 2013): 565–88. http://dx.doi.org/10.1007/s11150-013-9210-0.

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Leak, Tashara M., Alison Swenson, Aaron Rendahl, Zata Vickers, Elton Mykerezi, Joseph P. Redden, Traci Mann, and Marla Reicks. "Examining the feasibility of implementing behavioural economics strategies that encourage home dinner vegetable intake among low-income children." Public Health Nutrition 20, no. 8 (March 15, 2017): 1388–92. http://dx.doi.org/10.1017/s1368980017000131.

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AbstractObjectiveTo examine the feasibility of implementing nine behavioural economics-informed strategies, or ‘nudges’, that aimed to encourage home dinner vegetable intake among low-income children.DesignCaregivers were assigned six of nine strategies and implemented one new strategy per week (i.e. 6 weeks) during three dinner meals. Caregivers recorded child dinner vegetable intake on the nights of strategy implementation and rated the level of difficulty for assigned strategies. Baseline data on home vegetable availability and child vegetable liking were collected to assess overall strategy feasibility.SettingParticipants’ homes in a large Midwestern metropolitan area, USA.SubjectsLow-income caregiver/child (aged 9–12 years) dyads (n 39).ResultsPairwise comparisons showed that child dinner vegetable intake for the strategy ‘Serve at least two vegetables with dinner meals’ was greater than intake for each of two other strategies: ‘Pair vegetables with other foods the child likes’ and ‘Eat dinner together with an adult(s) modelling vegetable consumption’. Overall, caregivers’ mean rating of difficulty for implementing strategies was 2·6 (1=‘not difficult’, 10=‘very difficult’). Households had a mean of ten different types of vegetables available. Children reported a rating ≥5 for seventeen types of vegetable on a labelled hedonic scale (1=‘hate it’, 5–6=‘it’s okay’, 10=‘like it a lot’).ConclusionsBehavioural economics-informed strategies are feasible to implement during dinner meals, with some strategies differing by how much they influence vegetable intake among low-income children in the home.

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Cocco, João F., and Paula Lopes. "Aging in Place, Housing Maintenance, and Reverse Mortgages." Review of Economic Studies 87, no. 4 (September 30, 2019): 1799–836. http://dx.doi.org/10.1093/restud/rdz047.

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Abstract We study the role of housing wealth in financing retirement consumption. In our model retirees: 1. derive utility benefits from remaining in their home (aging in place); and 2. choose in each period whether to maintain their house. The evidence that we present shows that these features are important in explaining the saving decisions of the elderly. The costs and the maintenance requirement of reverse mortgages (RMs) reduce (or eliminate) the benefits of the loans for retirees who wish to do less maintenance. We evaluate the impact of different loan features on retirees’ utility, cash-flows to lenders, and to the government agency that provides mortgage insurance. We show that combining RMs with insurance against a forced home sale (e.g. due to a move to a nursing home) is Pareto improving and can lead to increased demand for the loans due to product complementarities.

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Binkley, James K., and Yuhang Liu. "Food at Home and away from Home: Commodity Composition, Nutrition Differences, and Differences in Consumers." Agricultural and Resource Economics Review 48, no. 02 (June 14, 2019): 221–52. http://dx.doi.org/10.1017/age.2019.1.

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Food away from home (FAFH) accounts for over 40 percent of food spending. We use NHANES survey data to examine resulting effects on commodity sectors, and find that production/consumption of beef, chicken, potatoes, cheese, and lettuce have increased the most due to FAFH, while fluid milk and all fruits have declined. Such changes have reduced overall nutrition, and nutrition within commodity categories is generally lower in restaurants than at home. FAFH consumers tend to have less healthy home diets than have nonconsumers, suggesting that observed low FAFH nutrition may be partly because restaurant diners select less healthy foods regardless of source.

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Hicks, Daniel L. "Consumption Volatility, Marketization, and Expenditure in an Emerging Market Economy." American Economic Journal: Macroeconomics 7, no. 2 (April 1, 2015): 95–123. http://dx.doi.org/10.1257/mac.20120222.

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In response to income fluctuations, households smooth consumption by substituting between market expenditure and time inputs. This paper provides evidence of this substitution in the context of food consumption over transitory and permanent income fluctuations in Mexico. Household time investments drive a wedge between consumption and expenditure, amplifying measured expenditure volatility. Volatility decompositions for Mexico and the United States suggest that the extent of bias in expenditure-based measures induced by changes in marketization is relatively larger in the Mexican setting. These findings imply that volatility comparisons between commodities or across countries are misleading when consumption measures ignore home production. (JEL D12, D91, E21, E32, O11, O12)

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Cloyne, James, Clodomiro Ferreira, and Paolo Surico. "Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism." Review of Economic Studies 87, no. 1 (January 3, 2019): 102–29. http://dx.doi.org/10.1093/restud/rdy074.

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Abstract Using household survey data for the U.S. and the U.K., we show that the aggregate response of consumption to interest rate changes is driven by households with a mortgage. Outright home-owners do not adjust expenditure at all while renters change their spending but by less than mortgagors. Income rises for all households as interest rate cuts directly affect firm investment and household consumption, boosting aggregate demand. A crucial difference between the housing tenure groups is the composition of their balance sheets: mortgagors hold sizable illiquid assets but little liquid wealth. Our results reveal that general equilibrium effects on household income coupled with balance-sheet-driven heterogeneity in the marginal propensity to consume play a key role in the transmission of monetary policy.

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Journal articles on the topic 'Consumption (Economics) Home economics'

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