CPG consumption in times of recession: novel evidence from matched administrative data
利用荷兰税务记录与扫描数据匹配的新数据集，研究发现2011-2018年双底衰退期间家庭人均消费品支出与收入之间仅存在微弱的经济关系，即使对低收入低流动性家庭也是如此。
Abstract We utilize a novel dataset that merges household administrative income and socio-demographic information from tax records with scanner data on CPG consumption. Our analysis reveals significant variation in household per-capita expenditures. However, we find only a modest economic relationship between CPG spending and income, even amidst substantial within-household income fluctuations during the Dutch "double-dip recession" from 2011 to 2018. This relationship remains small for households with low income and low liquidity and holds across both food and non-food expenditures.