Personal Consumption by Family Type and Household Income

Abstract

Using Consumer Expenditure Survey data, this paper presents a unified approach in estimating adult personal consumption across five family types: married wage earners living together by themselves, married wage earners living together with their minor children, married retirees living together by themselves, single wage earning parents living together with their minor children, and single wage earners living alone. In addition to advancing the literature with a unified analysis of family traits, this paper uses over 700 microdata expenditure classifications instead of the approximate 30 summary expenditure classifications which have been relied on in other personal consumption studies. Microdata expenditure classification reduces problems of allocating expenses among family members. The paper begins with an overview of the Consumer Expenditure Survey, the federal data source that is most appropriate for estimating personal consumption. Next presented are the allocation rules to separate personal from survivor and household expenditures. The data are then identified followed by empirical estimation.

Typy gospodarstw domowych ze względu na ich zachowania na rynku żywności

“…Typologię eurokonsumentów przeprowadził też szwajcarski Research Institute on Social Change (RISC) (Komor, 2000). W ostatnich latach interesującą typologię wiejskich gospodarstw domowych przedstawiła Piekut (2017) natomiast w literaturze zagranicznej zwrócić można uwagę na typologie związane z rynkiem żywności, dotyczące: sklepów z artykułami spożywczymi (Diansheng i Hayden, 2012), konsumpcji rodzinnych gospodarstw domowych (Kruger, 2014), żywności spożywanej w gospodarstwach domowych (Magadze i in., 2017) czy konsumentów dopuszczających do marnotrawstwa żywności (Di Talia, Simeone i Scarpato, 2019). Prace te jednak nie dotykają kwestii typologii gospodarstw domowych ze względu na ich zachowania na rynku żywności.…”

Risk Characteristics and Prevention Strategies of Personal Consumption Finance on Internet Platforms

“…This paper proposes some measures to prevent and resolve the risks of Internet personal consumption finance in view of the characteristics of various risks, in order to motivate the standardized construction of the Internet platform for personal consumption. Personal consumption finance on Internet platform refers to the business model of utilizing Internet technology and platforms for personal consumption loans, installment payments, credit cards and other financial services (as shown in Figure 2) [2] . Through the Internet platform, individuals can easily and quickly obtain financial support to satisfy various consumer demands.…”