Hard at Play! The Growth of Recreation in Consumer Budgets, 1959-1998

Jon Nelson

Eastern Economic Journal, 2001, vol. 27, issue 1, 35-53

Abstract: Recreation is the fastest growing segment of personal consumption. The study documents this growth, first, by analyzing recreation expenditures as a part of total personal consumption, and second, by analyzing the growth of expenditures on six recreation sub-groups, including electronic products, printed products, sporting goods, gambling, and live entertainment events. Using NIPA data, I report empirical estimates for income and price elasticities for ten commodities, including recreation. Conditional elasticities also are obtained for each of the six recreation sub-groups. Application of the results include construction of a consumption quality index as a summary measure of increased living standards.

Keywords: Budget; Consumer; Elasticities; Expenditure; Recreation (search for similar items in EconPapers)
JEL-codes: D12 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:27:y:2001:i:1:p:35-53

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