Cultural expenditure of those who enter (or exit) unemployment

Javier Gardeazabal and Eduardo Polo-Muro
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Eduardo Polo-Muro: University of the Basque Country UPV/EHU

Journal of Cultural Economics, 2022, vol. 46, issue 4, No 1, 596 pages

Abstract: Abstract We estimate the effect of unemployment on cultural expenditure and income, and the income elasticity of cultural demand. When a household member enters an unemployment spell, households reduce cultural expenditure and their income falls. Unemployment does not affect participation in cultural markets, and participating households exhibit larger income elasticity. The reduction in cultural expenditure and income is larger for men, and individuals who hold a tertiary education degree tend to experience a larger income fall and a smaller cultural expenditure reduction. We find that the reduction in cultural expenditure is larger during a recession, while the effect of unemployment on household income does not fluctuate much over the business cycle.

Keywords: Cultural economics; Income elasticity; Spanish household budget survey (search for similar items in EconPapers)
JEL-codes: C13 C21 D12 Z1 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s10824-021-09423-6

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