0000000000899645
AUTHOR
Bernini C.
INEQUALITIES AND TOURISM CONSUMPTION BEHAVIOUR: A MIXTURE MODEL ANALYSIS
The criticism of income as a measure of well-being and trends in living standards is well known and recently scholars have been involved in defining measures to better assess material well-being and differences in living standards. Recent evidence shows that individuals improve their well-being significantly if they are able to spend on higher-order goods and services like tourism and leisure activities. In the light of that, our study proposes to explore differences in living standards in Italy by analysing the distribution of tourism expenditure. For this aim, Mixtures of Regression Models were used in order to investigate whether there is an unobserved heterogeneity in tourism consumptio…
Inequalities in Consumption Patterns over the Life Cycle and during the Great Recession
The aim of the study is to analyse the relationship between recession, population structure and consumption behaviour over the life cycle. To this aim, we consider three clusters of non-durable expenditures such as food at home, work-related and core expenditures. The analysis has been performed on micro data on the Household Budgets for the period 1997-2013. Based on life cycle theory, two statistical models has been estimated, viz. a pre-crisis (1997-2007) and a great recession period (2008-2013) model. The study shows that the recession has entailed a reduction of the average expenditure for each category of consumption, and the intensity of the reduction is different among households an…
Inequalities in Consumption Patterns over the Life Cycle and the Great Recession
The aim of the study is to analyse the relationship between recession, population structure and consumption behaviour over the life cycle. To this aim, we consider three clusters of non-durable expenditures such as food at home, work-related and core expenditures. The analysis has been performed on micro data on the Household Budgets for the period 1997-2013. Based on life cycle theory, two statistical models has been estimated, viz. a pre-crisis (1997-2007) and a great recession period (2008-2013) model. The study shows that the recession has entailed a reduction of the average expenditure for each category of consumption, and the intensity of the reduction is different among households an…