Who are consuming food away from home and where? Results from the Consumer Expenditure Surveys
Miaoru Liu,
Panagiotis Kasteridis and
Steven T. Yen
European Review of Agricultural Economics, 2013, vol. 40, issue 1, 191-213
Abstract:
This paper investigates household expenditures on food away from home by type of facility. A system of expenditures at full-service restaurants, fast-food restaurants and other facilities are estimated with a multivariate sample selection procedure, for three types of households by household composition. Statistical significance of error correlations suggests endogeneity of sample selectivity and justifies estimation of the equations in a system to improve statistical efficiency. Differentiated effects of economic and demographic factors are found on expenditures at different facilities and across household types. Findings on the roles of economic and socio-demographic factors can inform marketing strategies and policy deliberations. , Oxford University Press.
Date: 2013
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