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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/61384399:31130/23:00058509

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název periodika

Journal of Happiness Studies

ISSN

1389-4978

e-ISSN

1573-7780

Svazek periodika

neuveden

Číslo periodika v rámci svazku

listopad

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

25

Strana od-do

nestrankovano

Kód UT WoS článku

000890103800001

EID výsledku v databázi Scopus

2-s2.0-85143125129