Do time poor individuals pay more?

There is a rising number of concepts that try to describe the broad perception of time poverty. Though detailed time poverty analyses are available, still little is said about its impacts on the individual behaviour. Within this article, a possible new implication is analysed: The author tests wheth...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Rathjen, Tim (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: Lüneburg FFB 2011
Schriftenreihe:FFB-discussion paper 91
Schlagworte:
Zeitverwendung > Privater Konsum > Preis > Informationsverhalten > Asymmetrische Information > Schätzung > Deutschland > Economics, empirical/statistics > Gender and Diversity > Arbeitspapier > Graue Literatur
Online Zugang:PURE Lüneburg
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:There is a rising number of concepts that try to describe the broad perception of time poverty. Though detailed time poverty analyses are available, still little is said about its impacts on the individual behaviour. Within this article, a possible new implication is analysed: The author tests whether time poor individuals compare less between prices as a result of their time deficit, therefore do not identify “bargains or rip-offs” and pay on average more for identical products and services than not time poor individuals. Using data drawn from the German Time Use Survey (GTUS) 2001/02, time use information is imputed into the German Sample Survey of Income and Expenditure (IES) 2003 to identify time poor individuals in the IES 2003. Instrumental variables estimations are arranged to account for an expected bias in ordinary least squares estimations – caused by the excluded variable (search) ability – and to catch the causal effect of time poverty on paid prices. The results do not confirm a higher price paid by time poor individuals. The findings rather suggest that time poor persons find trust in stores with a fair price performance ratio, remain loyal to them and accordingly pay a similar amount for goods and services than not time poor individuals in most cases.
Beschreibung:Literaturverz. S. 18 - 20
Zsfassung in dt. Sprache
Beschreibung:21 S.
graph. Darst.