LIFE‐CYCLE CHANGES IN CONSUMPTION BEHAVIOR: AGE‐SPECIFIC AND REGIONAL VARIATIONS*

Journal of Regional Science - Tập 47 Số 2 - Trang 315-337 - 2007
Masayo Wakabayashi1, Geoffrey J. D. Hewings2
1Central Research Institute of Electric Power Industry, 2‐11‐1 Iwado Kita, Komae‐shi, Tokyo 201‐8511, Japan. E‐mail: m‐[email protected]
2Regional Economics Applications Laboratory, University of Illinois, Urbana, Illinois 61801‐3671, USA. E‐mail: [email protected]

Tóm tắt

ABSTRACT:  While research conducted over the last two decades has pointed to the important role played by household consumption in regional economic models, little attention has been directed to the consumption impacts associated not only with income changes, but also life‐cycle changes. Using Japanese data, this paper explores some of the implications of life‐cycle changes on consumption behavior using a modified AIDS (Almost Ideal Demand System) estimation system. Testing is directed to differences in age‐specific consumption behavior and the potential differences in consumption by age and province.

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Thông tin xuất bản

Journal of Regional Science

Tập 47 Số 2

315-337

Thông tin tác giả