Who Faces Higher Prices? An Empirical Analysis Based on Japanese Homescan Data

Abe, Naohito; Shiotani, Kyosuke

doi:10.1111/aepr.12050

Cited by 10 publications

(14 citation statements)

References 12 publications

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“…One can observe that younger households face similar prices, but that the price level begins to rise from the 40‐ to 45‐year‐old group onward. This result is consistent with the work of Abe and Shiotani () who used similar data, but for an earlier period (2004–2006). They found that there is little difference in prices faced by those below age 45, but that prices begin to increase thereafter.…”

Section: Age and Inflation Expectationssupporting

confidence: 93%

The Formation of Consumer Inflation Expectations: New Evidence From Japan's Deflation Experience

Diamond

Watanabe

2020

Int Economic Review

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Using a new data set, we investigate the relationship between the inflation experience and expectations of households in Japan, focusing on the post‐1995 deflationary era. Our first finding is that inflation expectations increase with age. Second, we find that measured inflation rates also increase with age, although age and inflation expectations continue to exhibit a positive correlation even after controlling for the household‐level inflation rate. Analysis suggests that the correlation between age and inflation expectations is driven largely by the correlation between cohort and inflation expectations, which we interpret to represent the effect of historical inflation experience on inflation expectations.

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Section: Age and Inflation Expectationssupporting

confidence: 93%

The Formation of Consumer Inflation Expectations: New Evidence From Japan's Deflation Experience

Diamond

Watanabe

2020

Int Economic Review

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“…This information, along with the date of purchase, is linked with demographic details of the household and the household purchasing history. j Outside the wine sector, Homescan data have also been used to estimate brand level price elasticities and price response elasticities (Cotterill, 1994), change in household purchasing habits due to business cycle fluctuation (Cotti et al, 2014), the influence of selected demographic variables associated with purchase of organic milk (Alviola and Capps, 2010), the effect of taxes on sales (Harding et al, 2012) and the causes of price difference across households (Abe and Shiotani, 2014).…”

Section: Discussionmentioning

confidence: 99%

Who likes it “sparkling”? An empirical analysis of Prosecco consumers’ profile

2015

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The purpose of the study is to understand the profile (if any) of the typical Prosecco wine consumer, for both Controlled Denomination of Origin (CDO) and Controlled and Guaranteed Denomination of Origin (CGDO) types, with a twofold objective. First, the study aims at contributing to the economics literature dealing with opening the "black box of preferences" and understanding consumers' behavior. Second, more practically, the study aims to advise producers on the design of more targeted industrial strategies and policies. Using Homescan data collected from large-scale retail trade transactions in the period 2009-2011, we adopt a probit model and test a set of simple relationships between the probability that Prosecco (in both Geographical Indications) is purchased and selected consumers' socio-economic characteristics and product attributes. The results allow us to draft a profile of the typical consumer of Prosecco. The Prosecco CDO consumer lives in the North of Italy, is wealthy, relatively young, lives in a small (2-3 people) household and reacts to price changes. In addition to the latter feature, the typical Prosecco CGDO consumer has a preference for selected brands and extra-dry wine taste. Marginal effects are computed and predict that a 1% increase in Prosecco CDO price will decrease the probability that a consumer purchases the product by 0.36%. In addition, a 1% increase in Prosecco CGDO price will decrease the probability that a consumer purchases the product by 0.26%. The different sensitivity to price changes is corroborated by the fact that Prosecco CGDO consumers express a preference for the product characteristics (brand and taste) and might be more "loyal to the product" than Prosecco CDO purchasers. Further research will broaden the scale of analysis and adopt multinomial probit models in order to simultaneously assess the profile of different consumers for other types of sparkling wines, including Champagne and Franciacorta.

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“…Naohito Abe and Kyosuke Shiotani () consider the relationship between shopping behavior and price level based on commodity‐household level scanner data for Japan provided by Intage. The data contain the daily shopping information of approximately 12,000 households, randomly selected from all prefectures (except Okinawa) in Japan, and cover 3 years, from 2004 to 2006.…”

Section: Summary Of Papers and Discussionmentioning

confidence: 99%

“…Kuroda and Yamamoto () also examine the role of labor markets, especially the role of nominal wage flexibility, in the process of deflation. Abe and Shiotani () investigate the implications of deflation/inflation for income redistribution across heterogeneous households. Finally, Shioji () discusses policy options to stop deflation, with a particular focus on the exchange rate channel, which is considered to be effective even when the policy rate is already at the ZLB.…”

Section: Japan's Persistent Deflation and Monetary Policymentioning

confidence: 99%