Effect of ageing on the ownership of durable goods

Aniko Biro

doi:10.1111/sjpe.12131

Effect of ageing on the ownership of durable goods

Aniko Biro

School of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

I analyse how ageing affects the demand for non-housing durable goods. Based on the English Longitudinal Study of Ageing, individual characteristics, cohort and time effects can explain most of the age variation in the ownership and purchase of durable goods. A life-cycle model is derived to capture the complex relation between ageing and the demand for non-housing durable goods. Decreasing survival probability,deteriorating health and changing preferences are jointly reflected in the age gradient of demand. Simulations indicate that higher chances of survival increase the ownership ratio of the durable items.

Original language	English
Pages (from-to)	501-529
Journal	Scottish Journal of Political Economy
Volume	64
Issue number	5
Early online date	20 Apr 2017
DOIs	https://doi.org/10.1111/sjpe.12131
Publication status	Published - Nov 2017

Keywords / Materials (for Non-textual outputs)

consumer durables
life-cycle model
ownership
subjective survival probability

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10.1111/sjpe.12131

BiroSJPE2017EffectOfAgeingOnTheOwnershipOfDurableGoods
"This is the peer reviewed version of the following article: 'Effects of Ageing on the Ownership of Durable Goods' Aniko Biro Scottish Journal of Political Economy © 2017 Scottish Economic Society., which has been published in final form at https://doi.org/10.1111/sjpe.12131. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving."
Accepted author manuscript, 500 KB

Cite this

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Effect of ageing on the ownership of durable goods

Abstract

Keywords / Materials (for Non-textual outputs)

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