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Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
ISER Discussion Paper No. 1144
Verlag: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Zusammenfassung: 
We examine how the fear of COVID-19 contagion influences consumer expenditure patterns. We show that the consumption expenditure responses to the spread of the COVID-19 pandemic are significantly heterogeneous across generations. We find that the elderly spend less than the younger generation by at least 5% as COVID-19 spread. In fact, those aged above 60 significantly decreased their spending even on food and drink products by 13%. We also find that the elderly forgo shopping in favor of the younger generation. These heterogeneous responses are likely to be due to the fear of the COVID-19 infection.
Schlagwörter: 
COVID-19
consumption gap across generations
expenditure
fear
spending behavior
JEL: 
D12
E21
Dokumentart: 
Working Paper

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