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Socio-Demographic Dynamics and Household Demand

Author

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  • Kusum W. Ketkar
  • Suhas L. Ketkar

Abstract

This paper investigates the impact of changes in socioeconomic, demographic, and geographic characteristics of households on their expenditure pattern in the United States. Using Consumer Expenditure Survey dat a, it is found that the major item of expenditure, i.e., owner-occupied housing, depends only on household income. The price variables like education of the household, and taste variables like race, are observed to influence expenditures on more items than other observed characteristics of age, size, and region of location. Female employment increases expenditures on time-saving products like restaurant meals and child care at the expense of time-using items.

Suggested Citation

  • Kusum W. Ketkar & Suhas L. Ketkar, 1987. "Socio-Demographic Dynamics and Household Demand," Eastern Economic Journal, Eastern Economic Association, vol. 13(1), pages 55-62, Jan-Mar.
    • Handle: RePEc:eej:eeconj:v:13:y:1987:i:1:p:55-62
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume13/V13N1P55_62.pdf
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    References listed on IDEAS

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    1. Clark,Robert L. & Spengler,Joseph J., 1980. "The Economics of Individual and Population Aging," Cambridge Books, Cambridge University Press, number 9780521297028.
    2. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
    3. Pollak, Robert A & Wales, Terence J, 1978. "Estimation of Complete Demand Systems from Household Budget Data: The Linear and Quadratic Expenditure Systems," American Economic Review, American Economic Association, vol. 68(3), pages 348-359, June.
    4. Theodore W. Schultz, 1974. "The High Value of Human Time: Population Equilibrium," NBER Chapters, in: Marriage, Family, Human Capital, and Fertility, pages 1-10, National Bureau of Economic Research, Inc.
    5. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
    6. Strober, Myra H, 1977. "Wives' Labor Force Behavior and Family Consumption Patterns," American Economic Review, American Economic Association, vol. 67(1), pages 410-417, February.
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    1. Betti,Gianni & Molini,Vasco & Mori,Lorenzo, 2022. "New Algorithm to Estimate Inequality Measures in Cross-Survey Imputation : An Attemptto Correct the Underestimation of Extreme Values," Policy Research Working Paper Series 10013, The World Bank.
    2. Kazi Abdul, Mannan & A.O, Krueger, 2004. "The Impact of Remittances on Household: An Empirical Study on the Bangladeshi Diaspora in United Kingdom," MPRA Paper 103741, University Library of Munich, Germany, revised 2004.

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