Is there a 'heat-or-eat' trade-off in the UK?
Do households cut back on food spending to finance the additional cost of keeping warm during spells of unseasonably cold weather? For households which cannot smooth consumption over time, we describe how cold weather shocks are equivalent to income shocks. We merge detailed household level expendit...
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Published in | Journal of the Royal Statistical Society. Series A, Statistics in society Vol. 177; no. 1; pp. 281 - 294 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Oxford
Blackwell Publishing Ltd
01.01.2014
John Wiley & Sons Ltd Oxford University Press |
Subjects | |
Online Access | Get full text |
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Summary: | Do households cut back on food spending to finance the additional cost of keeping warm during spells of unseasonably cold weather? For households which cannot smooth consumption over time, we describe how cold weather shocks are equivalent to income shocks. We merge detailed household level expenditure data from older households with historical regional weather information. We find evidence that the poorest of older households cannot smooth fuel spending over the worst temperature shocks. Statistically significant reductions in food spending occur in response to winter temperatures 2 or more standard deviations colder than expected, which occur about 1 winter month in 40; reductions in food expenditure are considerably larger in poorer households. |
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Bibliography: | ark:/67375/WNG-LL3CN07W-0 ArticleID:RSSA12013 Nuffield Foundation istex:76772308291F18C66D073D7014FCAAF5CA28C997 ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 ObjectType-Article-1 ObjectType-Feature-2 |
ISSN: | 0964-1998 1467-985X |
DOI: | 10.1111/rssa.12013 |