The Effect of Consumer Confidence and Subjective Well-being on Consumers’ Spending Behavior

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60461373%3A22810%2F22%3A43924071" target="_blank" >RIV/60461373:22810/22:43924071 - isvavai.cz</a>

Alternative codes found

RIV/61384399:31130/23:00058509

Result on the web

<a href="https://link.springer.com/article/10.1007/s10902-022-00603-5#citeas" target="_blank" >https://link.springer.com/article/10.1007/s10902-022-00603-5#citeas</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s10902-022-00603-5" target="_blank" >10.1007/s10902-022-00603-5</a>

Result language

angličtina

Original language name

The Effect of Consumer Confidence and Subjective Well-being on Consumers’ Spending Behavior

Original language description

The paper focuses on the role of consumer confidence and selected well-being measures in aggregate consumption and in subsets of aggregate consumption on a broad set of 22 OECD countries. Consumer confidence played a positive and statistically significant role in the development of expenditures especially on durable and semi-durable goods and services. The increase in cognitive, affective and eudaimonic measures of well-being, measured by the Cantril ladder, positive and negative affect and freedom to make life choices variables, had negative impact on total consumption and expenditures on semi-durable goods and services. Possible explanations for these estimates are provided in the paper. Based on the purpose of expenditure, consumer confidence was a significant determinant of all expenditures except for unavoidable spending such as food, health, housing, water, energy, and fuel. The subjective well-being indicators showed a negative impact on expenditures on clothing and footwear, recreation and culture, and restaurants and hotels. Possible explanations for the positive and negative effects of subjective well-being measures on consumption, benefits of including the freedom of choice variable, and directions for future research regarding the introduction of understudied variables are discussed.

Czech name

—

Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2022

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Happiness Studies

ISSN

1389-4978

e-ISSN

1573-7780

Volume of the periodical

neuveden

Issue of the periodical within the volume

listopad

Country of publishing house

NL - THE KINGDOM OF THE NETHERLANDS

Number of pages

25

Pages from-to

nestrankovano

UT code for WoS article

000890103800001

EID of the result in the Scopus database

2-s2.0-85143125129