Könyv Finance and Economics Discussion Series Martha Starr-McCluer

Finance and Economics Discussion Series

The Effects of Weather on Retail Sales

Nyelv: Angol
Kötés: Puha kötésű
Kiadó: Bibliogov
Elérhetőség: Beszállítói készleten
Küldés 14-21 napon belül
6 176 Ft
Monthly fluctuations in consumer spending are often attributed to the weather. This paper presents a...

Információk a könyvről

Nyelv
Angol
Kötés
Könyv - Puha kötésű
Kiadva
2013
oldal
28
EAN
9781288717392
ISBN
9781288717392
Enbook ID
08274896
Kiadó
Súly
68
Méretek
189 x 246 x 2

Teljes leírás

Monthly fluctuations in consumer spending are often attributed to the weather. This paper presents a model in which weather affects the productivity of time in nonmarket activities (such as shopping or recreation), and so, via time and budget constraints, may induce substitution in spending across goods and over time. Using monthly data on retail sales and weather data from the National Weather Service, I find that unusual weather has a modest but significant role in explaining monthly sales fluctuations. However, lagged effects often offset original effects, so that weather's influence tends to wash out at a quarterly frequency.

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