My da|ra Login

Detailed view

metadata language: English

Replication data for: Consumption Volatility, Marketization, and Expenditure in an Emerging Market Economy

Version
V0
Resource Type
Dataset
Creator
  • Hicks, Daniel L.
Publication Date
2014-12-30
Description
  • Abstract

    In response to income fluctuations, households smooth consumption by substituting between market expenditure and time inputs. This paper provides evidence of this substitution in the context of food consumption over transitory and permanent income fluctuations in Mexico. Household time investments drive a wedge between consumption and expenditure, amplifying measured expenditure volatility. Volatility decompositions for Mexico and the United States suggest that the extent of bias in expenditure-based measures induced by changes in marketization is relatively larger in the Mexican setting. These findings imply that volatility comparisons between commodities or across countries are misleading when consumption measures ignore home production. (JEL D12, D91, E21, E32, O11, O12)
Availability
Download
Relations
  • Is supplemented by
    DOI: 10.1257/mac.20120222 (Text)
Publications
  • Hicks, Daniel L. “Consumption Volatility, Marketization, and Expenditure in an Emerging Market Economy.” American Economic Journal: Macroeconomics 7, no. 2 (April 2015): 95–123. https://doi.org/10.1257/mac.20120222.
    • ID: 10.1257/mac.20120222 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Hicks, Daniel L. (2014): Replication data for: Consumption Volatility, Marketization, and Expenditure in an Emerging Market Economy. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114057