A Hierarchical Model for Analysing Consumption Patterns in Italy Before and During the Great Recession

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Abstract

The paper aims to explore how the Great Recession of the twenty-first century has impacted on the consumption behaviour of Italian households. Following a hierarchical approach, the study investigates differences in consumption behaviour at both household and regional levels. Using micro data on Italian Household Expenditure for the years 2002, 2006, 2010 and 2012, multilevel and two-step regression models have been estimated. The analysis has been performed for four different consumption categories: food, housing, work-related and leisure. The analysis reveals that the economic crisis led to increasing income elasticity for each category of consumption, especially for food, the most essential basic good. The crisis also created more marked regional disparities in the average level of expenditure.
Lingua originaleEnglish
pagine (da-a)-
Numero di pagine18
RivistaSocial Indicators Research
Stato di pubblicazionePublished - 2016

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consumption behavior
recession
Italy
food
Food
Leisure Activities
Elasticity
Health Expenditures
economic crisis
expenditures
housing
Economics
regression
Hierarchical Model
Recession
Household

All Science Journal Classification (ASJC) codes

  • Developmental and Educational Psychology
  • Social Sciences(all)
  • Sociology and Political Science
  • Arts and Humanities (miscellaneous)

Cita questo

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title = "A Hierarchical Model for Analysing Consumption Patterns in Italy Before and During the Great Recession",
abstract = "The paper aims to explore how the Great Recession of the twenty-first century has impacted on the consumption behaviour of Italian households. Following a hierarchical approach, the study investigates differences in consumption behaviour at both household and regional levels. Using micro data on Italian Household Expenditure for the years 2002, 2006, 2010 and 2012, multilevel and two-step regression models have been estimated. The analysis has been performed for four different consumption categories: food, housing, work-related and leisure. The analysis reveals that the economic crisis led to increasing income elasticity for each category of consumption, especially for food, the most essential basic good. The crisis also created more marked regional disparities in the average level of expenditure.",
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AU - Cuffaro, Miranda

AU - Bono, Filippa

AU - Cracolici, Maria Francesca

PY - 2016

Y1 - 2016

N2 - The paper aims to explore how the Great Recession of the twenty-first century has impacted on the consumption behaviour of Italian households. Following a hierarchical approach, the study investigates differences in consumption behaviour at both household and regional levels. Using micro data on Italian Household Expenditure for the years 2002, 2006, 2010 and 2012, multilevel and two-step regression models have been estimated. The analysis has been performed for four different consumption categories: food, housing, work-related and leisure. The analysis reveals that the economic crisis led to increasing income elasticity for each category of consumption, especially for food, the most essential basic good. The crisis also created more marked regional disparities in the average level of expenditure.

AB - The paper aims to explore how the Great Recession of the twenty-first century has impacted on the consumption behaviour of Italian households. Following a hierarchical approach, the study investigates differences in consumption behaviour at both household and regional levels. Using micro data on Italian Household Expenditure for the years 2002, 2006, 2010 and 2012, multilevel and two-step regression models have been estimated. The analysis has been performed for four different consumption categories: food, housing, work-related and leisure. The analysis reveals that the economic crisis led to increasing income elasticity for each category of consumption, especially for food, the most essential basic good. The crisis also created more marked regional disparities in the average level of expenditure.

UR - http://hdl.handle.net/10447/207402

M3 - Article

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JO - Social Indicators Research

JF - Social Indicators Research

SN - 0303-8300

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