Skip to content

Journal Article

Durable purchases over the later life cycle

Authors

Publication date

31 Dec 2014

Summary

We investigate life-cycle patterns of demand for services from household durables using UK panel data. We take careful account of prices, demographics, labour supply and health. Demand for consumer electronics rises with age, while the demand for household appliances is flat. These findings contrast with the well documented decline in non-durable consumption at older ages, and suggest that studies that estimate the overall discount rate from nondurable consumption may underestimate consumer patience and the savings required to fund retirement. We also find important non-separabilities between the demand for durables, labour supply and health status.

Published in

Oxford Bulletin of Economics and Statistics

DOI

http://dx.doi.org/10.1111/obes.12085

ISSN

16

Subjects

Demography, Labour Economics, Household Economics, Health, and Life Course Analysis

Links

http://serlib0.essex.ac.uk/record=b1584905~S5

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*; Online Early

#522890


Research home

Research home

News

Latest findings, new research

Publications search

Search all research by subject and author

Podcasts

Researchers discuss their findings and what they mean for society

Projects

Background and context, methods and data, aims and outputs

Events

Conferences, seminars and workshops

Survey methodology

Specialist research, practice and study

Taking the long view

ISER's annual report

Themes

Key research themes and areas of interest