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Buying Less, But Shopping More: Changes In Consumption Patterns During A Crisis

Listed author(s):
  • David McKenzie
  • Ernesto Schargrodsky

Market research data are utilized to examine the use of changes in shopping behavior as a method of mitigating the effects of the 2002 Argentine economic crisis. Although the total quantity and real value of goods purchased fell during the crisis, consumers are found to be spending more days shopping. This increase in shopping frequency occurs through consumers purchasing lower-quality goods from a wider variety of shopping channels. This paper provides the first estimates of the magnitude of such effects during a recession, and suggests that this increase in shopping frequency can be an important coping mechanism for households. Shopping more often is shown to enable households to seek out lower prices and locate substitutes, allowing a given level of expenditure to buy more goods.

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File URL: http://www.utdt.edu/departamentos/empresarial/cif/pdfs-wp/wpcif-012005.pdf
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Paper provided by Universidad Torcuato Di Tella in its series Business School Working Papers with number buyinglessshop.

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Length: 51 pages
Date of creation: 2005
Handle: RePEc:udt:wpbsdt:buyinglessshop
Contact details of provider: Postal:
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Web page: http://www.utdt.edu/listado_contenidos.php?id_item_menu=4994

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