The New Normal? U.S. Food Expenditure Patterns and the Changing Structure of Food Retailing

This paper presents a series of stylized facts about changes in consumer behavior and the effects on the food industry during and following the recession. The aim is to serve as a jumping off point for debate and future research into the impacts of the `Great Recession' and the subsequent `New...

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Bibliographic Details
Published in:American journal of agricultural economics 2013-01, Vol.95 (2), p.318-324
Main Authors: Beatty, Timothy K.M., Senauer, Benjamin
Format: Article
Language:English
Subjects:
Consumer behaviour
Consumer economics
Consumer spending
Economic recessions
Empirical research
Food
Food consumption
Food industries
Food marketing
Food movements
Food preparation
Restaurants
Retail industries
Retail trade
The New Normal? The Food and Agricultural Economy
U.S.A
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Summary:This paper presents a series of stylized facts about changes in consumer behavior and the effects on the food industry during and following the recession. The aim is to serve as a jumping off point for debate and future research into the impacts of the `Great Recession' and the subsequent `New Normal'. We rely heavily on industry sources in order to present the timeliest information. While somewhat less rigorous than conventional empirical work, these reports offer the advantage of immediacy and insight from within the food industry. Future careful empirical work will be needed to ascertain the validity of these insights, but for now we see through a glass, darkly. Reprinted by permission of the American Agricultural Economics Association
ISSN:0002-9092
1467-8276
DOI:10.1093/ajae/aas042