The literature on the economic and fiscal impacts of in-migrating retirees on rural communities concentrates on the young, newly-retired. An issue not systematically addressed are the impacts on the communities as these retirees age. The Wisconsin Economic Impact Modeling System, a county level conjoined input-output/econometrics simulation model, is used to assess the impact of an aging rural ...

We use shifts in food Engel curves among the U.S. elderly to estimate the extent of Consumer Price Index (CPI) bias specific to this population. Over the last thirty years the share of total expenditure devoted to food has declined more rapidly for elderly-headed households than for other households. This decline is not explained by a more rapid increase in measured total expenditure for the el...

E nvironmental policy once focused only on producers: the relatively few business enterprises that needed to clean up their smokestacks and sewage outfalls. While important, emphasis on producers hasn’t been enough to stem the tide of environmental degradation, because many of the worst insults come from consumption activities, not production. Consumption-related problems are large and growing,...

I argue that the gap between consumer price index (CPI) inflation and actual inflation varies systematically across the business cycle. CPI inflation is the change in expenditure required to afford a fixed basket of varieties. Actual inflation is the change in minimum expenditure required to afford a given level of utility. In a New Keynesian model with variety entry and exit and sticky prices,...

The objective of this study is to analyze the main determinants of alcoholic beverages consumption at home. Data comes from the latest Spanish Household National Survey, which provides information on expenditure and quantities of different food products by household. Because households are interviewed only 1 week, a large number of zeros have been recorded. Among the existing censured demand mo...

The rise of obesity in the United States over the past 25 years has resulted in an increase in the number of research studies published related to the causes, consequences, and possible solutions to the problem. Most would agree that obesity is a multi-dimensional problem that requires a range of solutions related to individual diet and activity, food and built environment, and public policy. E...

The purpose of this paper is to study whether trade frictions in durable goods markets help account for the patterns of household consumption expenditures observed in the Consumer Expenditure Survey (CEX), namely that the response of durable goods expenditures to income shocks is 78 percent larger than that of nondurable goods and the variance of the idiosyncratic part of log durable goods expe...

Multiple-discrete continuous choice models formulated and applied in recent years consider a single linear resource constraint, which, when combined with consumer preferences, determines the optimal consumption point. However, in reality, consumers face multiple resource constraints such as those associated with time, money, and capacity. Ignoring such multiple constraints and instead using a s...

Utilizing the Consumer Expenditure Survey and state-level variation in taxes, this study nds that prices for most models of new cars shift by more than the amount of a sales tax. The evidence of an overshifting of prices ooers support for the recent models of tax incidence in imperfectly competitive markets. The results also suggest that changes in the after-tax interest rate have oosetting eee...

How do competing firms choose their research strategies in the presence of knowledge spillover? We propose a model of spillover with consumers uniformly distributed in a linear city. By choosing their product locations, firms determine the amount of knowledge spillover each is going to receive. In a three stage game similar to Kamien and Zang (2000) andWeithaus (2005) we show that whether firms...