Life‐Cycle Changes in Consumption Behavior: Age‐Specific and Regional Variations

23 Pages Posted: 24 Oct 2014

See all articles by Masayo Wakabayashi

Masayo Wakabayashi

Central Research Institute of Electric Power Industry

Geoffrey J.D. Hewings

University of Illinois at Urbana-Champaign

Multiple version iconThere are 2 versions of this paper

Date Written: May 2007

Abstract

While research conducted over the last two decades has pointed to the important role played by household consumption in regional economic models, little attention has been directed to the consumption impacts associated not only with income changes, but also life‐cycle changes. Using Japanese data, this paper explores some of the implications of life‐cycle changes on consumption behavior using a modified AIDS (Almost Ideal Demand System) estimation system. Testing is directed to differences in age‐specific consumption behavior and the potential differences in consumption by age and province.

Suggested Citation

Wakabayashi, Masayo and Hewings, Geoffrey J.D., Life‐Cycle Changes in Consumption Behavior: Age‐Specific and Regional Variations (May 2007). Journal of Regional Science, Vol. 47, Issue 2, pp. 315-337, 2007. Available at SSRN: https://ssrn.com/abstract=2514621 or http://dx.doi.org/10.1111/j.1467-9787.2007.00511.x

Masayo Wakabayashi (Contact Author)

Central Research Institute of Electric Power Industry ( email )

Chiyoda-ku Tokyo 100-8126
Japan

Geoffrey J.D. Hewings

University of Illinois at Urbana-Champaign ( email )

318 Davenport Hall
607 S. Mathews
Urbana, IL 61801-3671
United States
217-333-4740 (Phone)

HOME PAGE: http://real.illinois.edu

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