Apparel expenditure patterns of elderly consumers: a life-cycle consumption model

• Published in: Family and consumer sciences research journal Vol. 26; no. 2; pp. 109 - 140
• Main Authors: Lee, J. (University of Tennessee.), Hanna, S.D, Mok, C.F.J, Wang, H
• Format: Journal Article
• Language: English
• Published: Oxford, UK Blackwell Publishing Ltd 01.12.1997
• Subjects: Age Differences; Aging (Individuals); Cohort Analysis; Consumer behavior; CONSUMER EXPENDITURE; Consumer spending; CONSUMPTION FUNCTIONS; CONSUMPTION PATTERNS; DEMOGRAFIA; DEMOGRAPHIE; DEMOGRAPHY; DEPENSE DES CONSOMMATEURS; ECONOMIC SOCIOLOGY; ELDERLY; Elderly people; EMPLEO; EMPLOI; EMPLOYMENT; ETATS UNIS; ETHNIC GROUPS; EUA; Expenditure; Expenditures; Family Size; FONCTION DE CONSOMMATION; FUNCIONES DEL CONSUMO; GASTOS DE CONSUMO; GEOGRAPHICAL VARIATION; GROUPE ETHNIQUE; Grouping (Instructional Purposes); GRUPOS ETNICOS; INCOME; INDUMENTARIA DE PROTECCION; JUBILACIONES; MATHEMATICAL MODELS; MEAL PATTERNS; MODELE MATHEMATIQUE; MODELOS MATEMATICOS; Older Adults; Older people; Patterns; PAUTAS ALIMENTARIAS; PENSION; PENSIONS; PERSONNE AGEE; Predictor Variables; PROTECTIVE CLOTHING; Regression (Statistics); RENTA; Researchers; RETIREMENT; REVENU; SCHEMA ALIMENTAIRE; SOCIOECONOMICS; SOCIOLOGIA ECONOMICA; SOCIOLOGIE ECONOMIQUE; TERCERA EDAD; USA; VETEMENT DE PROTECTION
• ISSN: 1077-727X; 1552-3934
• DOI: 10.1177/1077727X970262002

Using the 1990 and 1991 U.S. Bureau of Labor Statistics Interview Survey of Consumer Expenditures, apparel expenditure patterns of elderly consumers were analyzed based on a life-cycle consumption model. The life-cycle consumption model implies planned decreases in apparel expenditure with age, and the empirical analysis supported this hypothesized age effect. In addition, income, financial assets, household composition, number of earners, and education were found to influence elderly consumers' apparel expenditure patterns