{"id":8410,"date":"2020-07-09T09:14:50","date_gmt":"2020-07-09T08:14:50","guid":{"rendered":"http:\/\/www.economicsobservatory.com\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic"},"modified":"2020-07-09T09:14:50","modified_gmt":"2020-07-09T08:14:50","slug":"how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic","status":"publish","type":"ongoing-research","link":"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic","title":{"rendered":"How does household spending respond to an epidemic? consumption during the 2020 Covid-19 pandemic"},"content":{"rendered":"<p>We explore how household consumption responds to epidemics, utilizing transaction-level household financial data to investigate the impact of the Covid-19 virus. As the number of cases grew, households began to radically alter their typical spending across a number of major categories. Initially spending increased sharply, particularly in retail, credit card spending and food items. This was followed by a sharp decrease in overall spending. Households responded most strongly in states with shelter-in-place orders in place by March 29th. We explore heterogeneity across partisan affiliation, demographics and income. Greater levels of social distancing are associated with drops in spending, particularly in restaurants and retail.<\/p>\n<p><\/p>\n","protected":false},"template":"","categories":[],"frequency":[],"type_of_data":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How does household spending respond to an epidemic? consumption during the 2020 Covid-19 pandemic - Economics Observatory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How does household spending respond to an epidemic? consumption during the 2020 Covid-19 pandemic - Economics Observatory\" \/>\n<meta property=\"og:description\" content=\"We explore how household consumption responds to epidemics, utilizing transaction-level household financial data to investigate the impact of the Covid-19 virus. As the number of cases grew, households began to radically alter their typical spending across a number of major categories. Initially spending increased sharply, particularly in retail, credit card spending and food items. This [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic\" \/>\n<meta property=\"og:site_name\" content=\"Economics Observatory\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@econobservatory\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic\",\"url\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic\",\"name\":\"How does household spending respond to an epidemic? consumption during the 2020 Covid-19 pandemic - Economics Observatory\",\"isPartOf\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#website\"},\"datePublished\":\"2020-07-09T08:14:50+00:00\",\"dateModified\":\"2020-07-09T08:14:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.economicsobservatory.com\/test\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How does household spending respond to an epidemic? consumption during the 2020 Covid-19 pandemic\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#website\",\"url\":\"https:\/\/www.economicsobservatory.com\/test\/\",\"name\":\"Economics Observatory\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.economicsobservatory.com\/test\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#organization\",\"name\":\"Economics Observatory\",\"url\":\"https:\/\/www.economicsobservatory.com\/test\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.economicsobservatory.com\/wp-content\/uploads\/2021\/06\/Logo-for-Twitter.png\",\"contentUrl\":\"https:\/\/www.economicsobservatory.com\/wp-content\/uploads\/2021\/06\/Logo-for-Twitter.png\",\"width\":540,\"height\":392,\"caption\":\"Economics Observatory\"},\"image\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/econobservatory\",\"https:\/\/www.linkedin.com\/company\/economics-observatory\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How does household spending respond to an epidemic? consumption during the 2020 Covid-19 pandemic - Economics Observatory","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/how-does-household-spending-respond-to-an-epidemic-consumption-during-the-2020-covid-19-pandemic","og_locale":"en_GB","og_type":"article","og_title":"How does household spending respond to an epidemic? consumption during the 2020 Covid-19 pandemic - Economics Observatory","og_description":"We explore how household consumption responds to epidemics, utilizing transaction-level household financial data to investigate the impact of the Covid-19 virus. 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