The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey

Hodbod, Alexander; Hommes, Cars; Salle, Isabelle

doi:10.2139/ssrn.3961443

Cited by 6 publications

(11 citation statements)

References 12 publications

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“…This way of purchasing products is influenced by several factors: the most important is familiarity of many people with computer activity, online work, including school courses or other activities that have been carried out in this way. Familiarization with the virtual environment also favored the sector of acquisition of goods through the virtual space [9], [1], [13].…”

Section: Resultsmentioning

confidence: 99%

Changes in Consumer Attitude During the Covid 19 Pandemic Period - Case Study Calarasi City, Romania

Cioclu¹,

Teodorescu²,

Butoi³

et al. 2022

Proceedings 2022

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The COVID -19 pandemic affected all economic branches and implicitly the incomes of the population in Romania, as well as in other European and world countries. This study analyzes the attitude of the inhabitants of Calarasi regarding the consumption of food and non-food goods, as well as the way of purchasing, directly or online, between February 2020-November 2021.The methodology used was empirical, a questionnaire, which was completed by 886 people, inhabitants of Calarasi city in Romania. The respondents are between 18 and 75 years old, with different professions and level of education. The data processing was performed, using the SPSS program. The results of the study confirm that there are major changes in attitudes towards consumption. Attitude changes could be identified as follows: first of all, the way of purchasing some goods, the share of online orders has increased, especially among certain age categories of the population; another behavioral change is the quantitative oscillation for certain foods during the period analyzed in the study; a third observation is the attitude of consumers towards the purchase of non-food goods, including tourist services. The results of this study could be a guide for those who work in the production and distribution of goods and services, in order to adapt their distribution according to consumer requirements.

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Section: Resultsmentioning

confidence: 99%

Changes in Consumer Attitude During the Covid 19 Pandemic Period - Case Study Calarasi City, Romania

Cioclu¹,

Teodorescu²,

Butoi³

et al. 2022

Proceedings 2022

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“…It includes the traditional reasons for reducing consumption (i.e., financial constraints, precautionary saving motives, infection risk) but also potential consumer preference shifts resulting from the lockdown experience. Hodbod et al (2021) find that consumption dropped substantially in July 2020 compared to pre-pandemic levels.…”

Section: Introductionmentioning

confidence: 81%

“…2 It could be that women and/or men choose to consume less nondurables than pre-pandemic levels because the lockdown experience altered their consumer preferences in such a way that they do not miss consuming goods and services that they consumed before. 3 This paper uses data from a large-scale representative consumer survey, conducted by Hodbod et al (2021), after the first 2020 wave of lockdown and travel restrictions were lifted, between July 10-28 in France (N=1,500), Germany (N=1,500), Italy (N=1,500), the Netherlands (N=1,500), and Spain (N=1,500). The survey elicits detailed information about respondents' socioeconomic background, their change in consumption behavior, and their primary reason for the consumption change for five social-distancing-sensitive (SDS) sectors.…”

Section: Introductionmentioning

confidence: 99%

“…6 Third, this paper adds to the fast-growing literature investigating the impact of the pandemic and associated lockdown measures on households' consumption. The literature uses transaction data (e.g., Andersen et al (2021); Cotton et al (2021); Carvalho et al (2021); Baker et al (2020); Bounie et al (2020); Chronopoulos et al (2020)) or household survey data (e.g., Hodbod et al (2021); Guglielminetti and Rondinelli (2021); Coibion et al (2020)). 7 My main contribution to this literature is twofold.…”

Section: Introductionmentioning

confidence: 99%

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SHE Can’t Afford It and HE Doesn’t Want It: the Gender Gap in the COVID-19 Consumption Response

Huber

2022

SSRN Journal

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“…Following this, Opportunity Insights (Chetty et al, 2020a,b) produced a dashboard using multiple data sources to track regional US consumption behavior alongside other economic indicators. 4 Beyond the US similar exercises have been carried out to understand household consumption in the early stages of the pandemic -showing remarkably consistent results (Andersen et al, 2020;Bounie et al, 2020b,a;Bourquin et al, 2020;Campos-Vazquez and Esquivel, 2020;Carvalho et al, 2020;Chen et al, 2020;Chronopoulos et al, 2020;Davenport et al, 2020b;Hodbod et al, 2020;Horvath et al, 2020;Jaravel and O'Connell, 2020;O'Connell et al, 2020;Surico et al, 2020;Watanabe et al, 2020). Analysis of JP Morgan Chase data (Cox et al, 2020;Farrell et al, 2020) has described in detail how household balance sheets have changed as a result of the COVID-19 recession and how households have responded to fiscal stimulus.…”

Section: Introductionmentioning

confidence: 86%

Levelling Down and the COVID-19 Lockdowns: Uneven Regional Recovery in UK Consumer Spending

Gathergood¹,

Gunzinger²,

Guttman-Kenney³

et al. 2020

Preprint

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We show the recovery in consumer spending in the United Kingdom through the second half of 2020 is unevenly distributed across regions. We utilise Fable Data: a real-time source of consumption data that is a highly correlated, leading indicator of Bank of England and Office for National Statistics data. The UK's recovery is heavily weighted towards the "home counties" around outer London and the South. We observe a stark contrast between strong online spending growth while offline spending contracts. The strongest recovery in spending is seen in online spending in the "commuter belt" areas in outer London and the surrounding localities and also in areas of high second home ownership, where working from home (including working from second homes) has significantly displaced the location of spending. Year-on-year spending growth in November 2020 in localities facing the UK's new tighter "Tier 3" restrictions (mostly the midlands and northern areas) was 38.4% lower compared with areas facing the less restrictive "Tier 2" (mostly London and the South). These patterns had been further exacerbated during November 2020 when a second national lockdown was imposed. To prevent such COVID-19-driven regional inequalities from becoming persistent we propose governments introduce temporary, regionally-targeted interventions in 2021. The availability of real-time, regional data enables policymakers to efficiently decide when, where and how to implement such regional interventions and to be able to rapidly evaluate their effectiveness to consider whether to expand, modify or remove them.

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The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey

Abstract: for comments and suggestions. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the view of the Bank of Canada or the European Central Bank.

Cited by 6 publications

References 12 publications

Changes in Consumer Attitude During the Covid 19 Pandemic Period - Case Study Calarasi City, Romania

Changes in Consumer Attitude During the Covid 19 Pandemic Period - Case Study Calarasi City, Romania

SHE Can’t Afford It and HE Doesn’t Want It: the Gender Gap in the COVID-19 Consumption Response

Levelling Down and the COVID-19 Lockdowns: Uneven Regional Recovery in UK Consumer Spending

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