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Hard at Play! The Growth of Recreation in Consumer Budgets, 1959-1998

Author

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  • Jon P. Nelson

    () (Department of Economics, Pennsylvania State University)

Abstract

Recreation is the fastest growing segment of personal consumption. The study documents this growth, first, by analyzing recreation expenditures as a part of total personal consumption, and second, by analyzing the growth of expenditures on six recreation sub-groups, including electronic products, printed products, sporting goods, gambling, and live entertainment events. Using NIPA data, I report empirical estimates for income and price elasticities for ten commodities, including recreation. Conditional elasticities also are obtained for each of the six recreation sub-groups. Application of the results include construction of a consumption quality index as a summary measure of increased living standards.

Suggested Citation

  • Jon P. Nelson, 2001. "Hard at Play! The Growth of Recreation in Consumer Budgets, 1959-1998," Eastern Economic Journal, Eastern Economic Association, vol. 27(1), pages 35-53, Winter.
  • Handle: RePEc:eej:eeconj:v:27:y:2001:i:1:p:35-53
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/eeconj/Volume27/V27N1P35_53.pdf
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    Citations

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    Cited by:

    1. Jorge González-Chapela, 2007. "On the Price of Recreation Goods as a Determinant of Male Labor Supply," Journal of Labor Economics, University of Chicago Press, vol. 25, pages 795-824.
    2. Jeannette Wicks-Lim & Jeffrey Thompson, 2010. "Combining Minimum Wage and Earned Income Tax Credit Policies to Guarantee a Decent Living Standard to All U.S. Workers," Published Studies peri_mw_eitc_oct2010, Political Economy Research Institute, University of Massachusetts at Amherst.
    3. Tim Pawlowski & Christoph Breuer, 2012. "Expenditure elasticities of the demand for leisure services," Applied Economics, Taylor & Francis Journals, vol. 44(26), pages 3461-3477, September.
    4. Sul, Sooyoung & Tcha, MoonJoong, 2012. "Analysis of Leisure Expenditure and Policy Implications: Using Korean Urban Households Data," Review of Applied Economics, Review of Applied Economics, vol. 8(1).
    5. Benjamin Volland, 2013. "Conscientious consumers? Preferences, personality and expenditure in the UK," Papers on Economics and Evolution 2013-05, Philipps University Marburg, Department of Geography.

    More about this item

    Keywords

    Budget; Consumer; Elasticities; Expenditure; Recreation;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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