Abstract:Purpose:The purpose of the present article is to model senior citizens' household expenditure and try to identify factors that influence consumer behavior in this social group. Analyses of Polish households were used as a case study. Design/Methodology/Approach: The study used selected structure description parameters to characterize the studied population synthetically. Power-exponential econometric models were used to characterize consumer goods and services expenditure in households headed by persons aged 6… Show more
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