Changes in consumer behaviors and financial well-being during the coronavirus pandemic: results from the U.S. Household Pulse Survey

Garner, Thesia I.; Safir, Adam; Schild, Jake

doi:10.21916/mlr.2020.26

Cited by 16 publications

(19 citation statements)

References 32 publications

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“…Bauer et al [24] investigated the impact of governmental assistances on low-income households. Garner et al [25] elaborated on the descriptive analysis of the reported changes in behavior and concluded that the price crisis profoundly affected consumer spending patterns and suggested a more detailed multivariate investigation.…”

Section: Related Literaturementioning

confidence: 99%

Determinants of Food Expenditure Patterns: Evidence from U.S. Consumers in the Context of the COVID-19 Price Shocks

Codjia

Saghaian

2022

Sustainability

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This study examined the factors that determine U.S. household expenditure patterns for food products in the context of exceptional price shocks due to the COVID-19 pandemic. This research relied on the Consumer Expenditure Diary Survey (CEX) for the year 2020, where households or consumer units represent units of observation. With a sample size of 10,453 observations, the empirical estimation of the Heckman two-step model yields interesting results. Consistent with the inelastic nature of food products, we found conditional expenditure elasticities of income were less than one for all kinds of food, including food away from home (FAFH). The results showed both food and FAFH to be highly price elastic in this special period of higher food prices. For instance, a 1% increase in own price implied a 7.78% decrease in the probability to spend on food and a 20.93% decrease in propensity to purchase FAFH. This study provides business managers and marketing experts with insights on the consumer profile and food product price strategy.

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Section: Related Literaturementioning

confidence: 99%

Determinants of Food Expenditure Patterns: Evidence from U.S. Consumers in the Context of the COVID-19 Price Shocks

Codjia

Saghaian

2022

Sustainability

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“…"More than twice as many jobs were lost between March and April 2020 as were lost during the entire 200 7-09 period" (Handwerker, B. Meyer, Piacentini, Schultz & Sveikauskas, 2020) and "from J January to April 2020, total consumer credit and debit card spending by all consumers decreased by $7.5 billion," (I. Garner, Safir & Schild, 2020) and food prices skyrocketed (Mead, Ransom, B. Reed & Sager, 2020).…”

Section: Current Issuementioning

confidence: 99%

Asset Movements During the Economic Crisis:

Lee

2022

J Stud Res

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This paper aims to predict the trend of gold and housing prices after COVID-19. The paper examines the trends in the two assets during the economic crisis in Korea in 1997 and financial crisis in the US in 2008. Then, it uses various qualitative and quantitative metrics such as the government response during the crises, consumer behavior, and interest rates to analyze those trends and aims to use those to predict the movement of housing price and gold price during/after the COVID-19 crisis. I spotted the correlation between the shifts in interest rates and consumer behavior in regards to change in housing price as well as gold price. Therefore, the paper concludes that lowered interest rate increases gold price and housing price because consumers prefer assets like gold because it maintains its value and houses rather than rents as the lowered interest rate induces lower-risk loans. The research includes more details as to how such behavior is brought about to the consumer.

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“…The United States of America faced the realities of the Coronavirus earlier than Africa since the pandemic was diagnosed at the end of January, 2020 in North America, leading to the declaration of a public health emergency by the Secretary of Health and Human Services soon after (Garner, Safir & Schild, 2020).…”

Section: Covid-19 and Some Of The Global Experiencesmentioning

confidence: 99%

Education Delivery in Higher Learning Institutions during the Times of Covid-19: A Case Study of the Great Zimbabwe University

Manungo¹

2022

EAJESS

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This study examined the pedagogic or teaching and learning experiences of institutions of higher learning during the COVID-19 period, with particular emphasis on the Great Zimbabwe University in Zimbabwe. The study was guided by the case study research design. The study involved 37 students and 13 lecturers. Results showed that some respondents missed part of their lectures and submission of assignments some were apprehensive about missing their graduation while others struggled to pay the tuition. Further, it was revealed that while the WhatsApp platform proved cheapest and most popular amongst students and lecturers, a number of challenges were faced, including lack of orientation on the adopted learning platforms, unpredictable power supply and garget breakdowns which might have affected student grades. Results also showed that GZU provided limited data bundles, masks and sanitizers to lecturers during COVID-19. The recommendations of the study include the establishment on an institutional policy that addresses and curbs the negative impact of emergency periods. It is further recommended that loans, bursaries and scholarships be introduced. The study finally recommends that there be a concerted effort of stakeholders towards ensuring adequate provision of resources to curb the impact of lockdowns and other emergencies.

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Changes in consumer behaviors and financial well-being during the coronavirus pandemic: results from the U.S. Household Pulse Survey

Cited by 16 publications

References 32 publications

Determinants of Food Expenditure Patterns: Evidence from U.S. Consumers in the Context of the COVID-19 Price Shocks

Determinants of Food Expenditure Patterns: Evidence from U.S. Consumers in the Context of the COVID-19 Price Shocks

Asset Movements During the Economic Crisis:

Education Delivery in Higher Learning Institutions during the Times of Covid-19: A Case Study of the Great Zimbabwe University

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