The Response of Recreation Demand to Recessionary Forces: Evidence from Local Lake Usage
利用衰退前后家庭就业、休闲使用和社会经济变量的面板数据，研究衰退期间就业状态变化如何改变湖泊休闲需求，判断休闲是正常品还是劣等品。
During recessions, households may face unemployment, retirement, and/or lower income. These changes can induce an increase or decrease in recreation demand, depending upon whether recreation is a normal or inferior good. Further, income changes lower the opportunity cost of time devoted to recreation, potentially inducing increases in recreation activity. The net effect of these recessionary forces is an empirical question that has received little attention to date. Utilizing a unique panel comprising both prerecession and during-recession data on household employment, recreation usage, and socioeconomic variables, we investigate how changes in employment status during the recession alter lake-based recreation demand.