EconPapers    
Economics at your fingertips  
 

Shopping Time

Nicolas Petrosky-Nadeau, Etienne Wasmer () and Shutian Zeng
Additional contact information
Nicolas Petrosky-Nadeau: Tepper School of Business

Sciences Po publications from Sciences Po

Abstract: There is a renewed interest in macroeconomic theories of search frictions in the goods market that help solve quantitative puzzles on amplification and persistence of GDP, sales, inventory and advertisement. This requires a deeper understanding of the cyclical properties of the intensive margins of search in this market. Using the American Time Use Survey we construct an indicator of shopping time. It includes both searching and purchasing goods and is based on 25 time use categories (out of more than 400 categories). We find that average time spent shopping declined in the aggregate over the period 2008-2010 compared to 2005-2007. The decline was largest for the unemployed who went from spending more time shopping for goods than the employed to roughly the same, or even less, time. Cross-state and individual regressions indicate procyclical consumer shopping time in the goods market. This evidence poses a challenge for models in which price comparisons are a driver of business cycles.

Keywords: Goods market search; Time allocation; American Time Use Survey; Business cycles (search for similar items in EconPapers)
JEL-codes: D12 E32 J22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-dge, nep-mac and nep-mkt
Date: 2015-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://spire.sciencespo.fr/hdl:/2441/2lcqvok1m996 ... ptime-2015-05-23.pdf (application/pdf)

Related works:
Journal Article: Shopping time (2016) Downloads
Working Paper: Shopping Time (2016) Downloads
Working Paper: Shopping Time (2014) Downloads
Working Paper: Shopping Time (2014) Downloads
Working Paper: Shopping Time (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spo:wpmain:info:hdl:2441/2lcqvok1m996m9pb3ctnmerhpq

Access Statistics for this paper

More papers in Sciences Po publications from Sciences Po Contact information at EDIRC.
Bibliographic data for series maintained by Spire @ Sciences Po Library ().

 
Page updated 2019-04-15
Handle: RePEc:spo:wpmain:info:hdl:2441/2lcqvok1m996m9pb3ctnmerhpq