A Macroeconomic Analysis of Obesity in the U.S
We perform a dynamic general equilibrium analysis of the observed increase in the average weight of American adults during the last 40 years. Data suggests that this increase in weight can be attributed to a dramatic rise in the consumption of foods prepared away from home, which resulted in higher caloric intake. We study the quantitative implications of two different hypotheses that may help explain the increased consumption of foods prepared away from home: technological advancements in the production of processed food that lowered its price, and higher opportunity cost of cooking at home driven by lower taxes and gender wage gap. According to our model, actual trends in the gender wage gap and income taxes alone can account for almost all of the observed changes in calorie consumption, expenditure in food away from home, ingredients for cooking at home, consumption of non-food items, investment, and GDP. When taxes and the gender wage gap are held constant, technological advancements in the production of foods prepared away from home can only account for half of the food expenditure patterns in the data, and deliver counterfactual implications for key macroeconomic variables.
|Date of creation:||01 Feb 2005|
|Date of revision:||30 Aug 2007|
|Publication status:||Forthcoming: Under Review|
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- Sanz-de-Galdeano, Anna, 2005.
"The Obesity Epidemic in Europe,"
IZA Discussion Papers
1814, Institute for the Study of Labor (IZA).
- John Knowles, 2005.
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PIER Working Paper Archive
05-031, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
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"Maternal Employment and Overweight Children,"
NBER Working Papers
8770, National Bureau of Economic Research, Inc.
- Patrick J. Byrne & Oral Capps & Atanu Saha, 1996. "Analysis of Food-Away-from-Home Expenditure Patterns for U.S. Households, 1982–89," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(3), pages 614-627.
- Larry E. Jones & Rodolfo E. Manuelli & Ellen R. McGrattan, 2003. "Why are married women working so much?," Staff Report 317, Federal Reserve Bank of Minneapolis.
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