Cultural expenditure of those who enter (or exit) unemployment

We estimate the effect of unemployment on cultural expenditure and income, and the income elasticity of cultural demand. When a household member enters an unemployment spell, households reduce cultural expenditure and their income falls. Unemployment does not affect participation in cultural markets...

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Bibliographic Details
Published in:Journal of cultural economics 2022-12, Vol.46 (4), p.571-596
Main Authors: Gardeazabal, Javier, Polo-Muro, Eduardo
Format: Article
Language:English
Subjects:
Art galleries & museums
Arts
Business cycles
Consumption
Cultural Economics
Culture
Econometrics
Economic conditions
Economic Policy
Economics
Economics and Finance
Elasticity of demand
Employment
Estimates
Expenditures
Family income
Higher education
Households
Income elasticity
Labor market
Microeconomics
Museum exhibits
Music
Original Article
Participation
Performing arts
Recessions
Regional and Cultural Studies
Unemployment
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Summary:We estimate the effect of unemployment on cultural expenditure and income, and the income elasticity of cultural demand. When a household member enters an unemployment spell, households reduce cultural expenditure and their income falls. Unemployment does not affect participation in cultural markets, and participating households exhibit larger income elasticity. The reduction in cultural expenditure and income is larger for men, and individuals who hold a tertiary education degree tend to experience a larger income fall and a smaller cultural expenditure reduction. We find that the reduction in cultural expenditure is larger during a recession, while the effect of unemployment on household income does not fluctuate much over the business cycle.
ISSN:0885-2545
1573-6997
DOI:10.1007/s10824-021-09423-6