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Hard at Play! The Growth of Recreation in Consumer Budgets, 1959-1998

Author

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  • Jon P. Nelson

    (Department of Economics, Pennsylvania State University)

Abstract

Recreation is the fastest growing segment of personal consumption. The study documents this growth, first, by analyzing recreation expenditures as a part of total personal consumption, and second, by analyzing the growth of expenditures on six recreation sub-groups, including electronic products, printed products, sporting goods, gambling, and live entertainment events. Using NIPA data, I report empirical estimates for income and price elasticities for ten commodities, including recreation. Conditional elasticities also are obtained for each of the six recreation sub-groups. Application of the results include construction of a consumption quality index as a summary measure of increased living standards.

Suggested Citation

  • Jon P. Nelson, 2001. "Hard at Play! The Growth of Recreation in Consumer Budgets, 1959-1998," Eastern Economic Journal, Eastern Economic Association, vol. 27(1), pages 35-53, Winter.
    • Handle: RePEc:eej:eeconj:v:27:y:2001:i:1:p:35-53
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/eeconj/Volume27/V27N1P35_53.pdf
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    Citations

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    Cited by:

    1. Jorge González-Chapela, 2007. "On the Price of Recreation Goods as a Determinant of Male Labor Supply," Journal of Labor Economics, University of Chicago Press, vol. 25(4), pages 795-824.
    2. Jeannette Wicks-Lim & Jeffrey Thompson, 2010. "Combining Minimum Wage and Earned Income Tax Credit Policies to Guarantee a Decent Living Standard to All U.S. Workers," Published Studies peri_mw_eitc_oct2010, Political Economy Research Institute, University of Massachusetts at Amherst.
    3. Benjamin Volland, 2019. "Conscientious consumers? Personality, preferences and expenditures in the UK," Journal of Bioeconomics, Springer, vol. 21(2), pages 71-109, July.
    4. Tim Pawlowski & Christoph Breuer, 2012. "Expenditure elasticities of the demand for leisure services," Applied Economics, Taylor & Francis Journals, vol. 44(26), pages 3461-3477, September.
    5. Sul, Sooyoung & Tcha, MoonJoong, 2012. "Analysis of Leisure Expenditure and Policy Implications: Using Korean Urban Households Data," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, vol. 8(1), pages 1-17, March.
    6. Benjamin Volland, 2013. "Conscientious consumers? Preferences, personality and expenditure in the UK," Papers on Economics and Evolution 2013-05, Philipps University Marburg, Department of Geography.

    More about this item

    Keywords

    Budget; Consumer; Elasticities; Expenditure; Recreation;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

    Statistics

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