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Consumer and Market Responses to Mad-Cow Disease AgEcon
Schlenker, Wolfram; Villas-Boas, Sofia Berto.
We examine how consumers and financial markets in the United States react to two health warnings about mad cow disease: The first discovery of an infected cow in December 2003 as well as health warnings about the potential effects aired in the highly-watched Oprah- Winfrey show seven years earlier. Using a unique UPC-level scanner data set, we find a pronounced and significant reduction in beef sales following the first discovered infection. This effect slowly dissipates over the next three months. Interestingly, no significant impact can be detected in the diary files of the Consumer Expenditure Survey (CES) that has a much smaller sampling frame. However, futures prices show a comparable drop in prices to the scanner data. Contracts with longer maturity...
Tipo: Working or Discussion Paper Palavras-chave: Food safety; Mad cow diseases; Consumer expenditure survey; Scanner data; Futures prices; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; D12; Q18; M31.
Ano: 2006 URL: http://purl.umn.edu/7164
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Food Spending Declined and Food Insecurity Increased for Middle-Income and Low-Income Households From 2000 to 2007 AgEcon
Nord, Mark.
From 2000 to 2007, median spending on food by U.S. households declined by 12 percent relative to the (rising) cost of USDA’s Thrifty Food Plan, and by 6 percent relative to the (rising) Consumer Price Index (CPI) for Food and Beverages. Over the same period, the national prevalence of very low food security increased by about one-third, from 3.1 percent of households in 2000 to 4.1 percent in 2007. The deterioration in food security was greatest in the second-lowest income quintile, in which the prevalence of very low food security increased by about half. These estimates, based on data from the nationally representative Current Population Survey Food Security Supplement, are corroborated by corresponding declines in food expenditures by middle- and...
Tipo: Report Palavras-chave: Food spending; Food expenditures; Food security; Food insecurity; Consumer expenditure survey; Current population survey food security supplement; Agricultural and Food Policy; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Food Security and Poverty.
Ano: 2009 URL: http://purl.umn.edu/56627
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