Do the Rich (Really) Consume Higher-Quality Goods? Evidence from International Trade Data

Merella, Vincenzo; Santabárbara, Daniel

doi:10.2139/ssrn.2760802

Cited by 52 publications

(1 citation statement)

References 31 publications

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“…Gale and Huang (2007), Yu andAbler (2009), andAbler (2010) empirically showed that the income elasticity of the demand for food quality is significantly positive. Merellay and Santabárbara (2017) found evidence of a positive link between importer income and quality of imports. If high-quality foods have a lower wastage rate owing to their superior flavor, freshness or ease of preparation, then one might expect the municipal FWR to depend on the composition of food consumption across high-and low-quality products.…”

Section: B Conceptual Frameworkmentioning

confidence: 96%

Determinants of municipal-level household food waste

Lin

Deng

2022

Preprint

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Using time series data on municipal-level household food scrap drawn from a city-wide food scrap recycling program from 2007m1 to 2018m8, we proxy the household food wastage rate (FWR) by the edible-to-inedible food scrap ratio and then apply both linear and semiparametric varying-coefficient cointegration tests to examine the municipal-level long-run relationship between socioeconomic factors and household FWR. The linear model shows that food price, old-age population share, and average household size are positively related to FWR, whereas working-age population share is negatively related to FWR. Consistent with the environmental Kuznets curve hypothesis, the varying-coefficient model further reveals that the direct relationship between income and FWR is inverted-U shaped. Moreover, income alters the relationship between socioeconomic factors and FWR. The FWR-increasing effect of population aging (food price) likely aggravates (diminishes) with economic growth. With these in mind, for policymakers trying to reduce food waste, the steady increases in food price and old-age share pose challenges, whereas the declining trend in average household size brings relief. Given the results, one way to reduce food waste is subsidizing both the design of smart packaging and the development of semi-prepared convenience food with flexible portion sizes and portion sizes suitable for older adults.JEL code: J22, Q11, Q13

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Section: B Conceptual Frameworkmentioning

confidence: 96%

Determinants of municipal-level household food waste

Lin

Deng

2022

Preprint

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Do the Rich (Really) Consume Higher-Quality Goods? Evidence from International Trade Data

Merella

Santabárbara

2016

SSRN Journal

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Using average import prices (unit values) as proxies for quality, a large body of the international trade literature finds both theoretical and empirical support for the positive relationship between importer income and quality of imports. Several authors, however, argue that the empirical evidence of the link between income and product quality might be spurious, since import prices could be affected by other factors than product quality. This paper takes into account this issue with a new theoretical and empirical approach. Building on Khandelwal’s (2010) discrete choice model approach, where quality is inferred by quantitative market shares as well as unit values, we develop a model that allows for willingness to pay for quality to vary with income. We empirically validate the theoretical relationship between importer income and product quality by using the Eurostat’s COMEXT database, which collects customs data reported by EU countries at 8-digit disaggregation. Our estimations support the positive link between consumer income and product quality, which is also robust across sectors

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Measuring Market Liquidity in US Fixed Income Markets: A New Synthetic Indicator

Broto

Lamas

2016

SSRN Journal

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The Working Paper Series seeks to disseminate original research in economics and fi nance. All papers have been anonymously refereed. By publishing these papers, the Banco de España aims to contribute to economic analysis and, in particular, to knowledge of the Spanish economy and its international environment.The opinions and analyses in the Working Paper Series are the responsibility of the authors and, therefore, do not necessarily coincide with those of the Banco de España or the Eurosystem.The Banco de España disseminates its main reports and most of its publications via the Internet at the following website: http://www.bde.es.Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged.

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Do the Rich (Really) Consume Higher-Quality Goods? Evidence from International Trade Data

Cited by 52 publications

References 31 publications

Determinants of municipal-level household food waste

Determinants of municipal-level household food waste

Do the Rich (Really) Consume Higher-Quality Goods? Evidence from International Trade Data

Measuring Market Liquidity in US Fixed Income Markets: A New Synthetic Indicator

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