Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108597
Authors: 
Browning, Martin
Crossley, Thomas
Lührmann, Melanie
Year of Publication: 
2012
Series/Report no.: 
Koç University-TÜSİAD Economic Research Forum Working Paper Series 1213
Abstract: 
We investigate the life cycle patterns of households’spending on medium value durables. We use panel data on expenditures on appliances and consumer electronics the British Household Panel Study between 1997 and 2008. In cross section, expenditures for appliances and consumer electronics decrease strongly as households age. We show that this is entirely attributable to cohort effects and that when such effects are properly modelled, expenditure on consumer electronics rises with age. We also document important demand effects of household composition, labour supply and health status.
Subjects: 
life cycle model
consumer behaviour
durables
JEL: 
D12
Document Type: 
Working Paper

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