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Buying less but shopping more: the use of nonmarket labor during a crisis

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dc.description.abstract Households allocating time between market and non-market uses should respond to income variations by adjusting the time devoted to shopping search and other home production activities. In this paper, we exploit high-frequency household expenditure data to examine the use of changes in shopping intensity as a method of mitigating the effects of the 2002 Argentine economic crisis. Although the total quantity and real value of goods purchased fell during the crisis, consumers are found to be doing more shopping search. This increase in shopping is shown to enable households to seek out lower prices and locate substitutes, allowing a given level of expenditure to buy more goods. The magnitude and prevalence of these effects suggest that this non-market use of labor can be an important coping strategy for households during a recession. en
dc.title Buying less but shopping more: the use of nonmarket labor during a crisis en
dc.contributor.author McKenzie, David
dc.contributor.author Schargrodsky, Ernesto
dc.date.accessioned 2014-11-20T03:20:19Z
dc.date.available 2014-11-20T03:20:19Z
dc.date.issued 2011-03
dc.identifier.issn 1529-7470
dc.identifier.uri http://hdl.handle.net/123456789/48802
lacea.language.supported en
dc.language.iso en
dc.publisher Brookings Institution Press
dc.subject Household behavior
dc.subject Consumer economics
dc.subject Economic development
dc.subject Demand of labor
dc.subject Latin America
dc.type Article


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