Consumer Time Budgets and Grocery Shopping Behavior

Tobias Klein, Bart Bronnenberg and Yan Xu

No 13302, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We study whether and how the availability of incremental time associated with retirement and unemployment affects the types of products households buy. For this, we develop a new theoretical model of the composition and size of the grocery shopping basket subject to money and time constraints. We construct a novel household panel data set that combines purchase records for grocery goods with information on labor market status and other demographics. We use the data to document that, in line with predictions from the model, consumers buy more varieties and generally shift their spending into products that take more time to turn them into consumption experiences.

Keywords: Consumer purchase behavior; Household production; Time use; Retirement (search for similar items in EconPapers)
JEL-codes: D12 D13 J22 M31 (search for similar items in EconPapers)
Date: 2018-11
New Economics Papers: this item is included in nep-lma and nep-pay
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