大阪大学 社会経済研究所 助教
横浜市立大学大学院国際マネジメント研究科

横浜市立大学

横浜市立大学大学院国際マネジメント研究科 准教授
東北大学経済学研究科 客員准教授

We examine how the COVID-19 contagion influences consumer expenditure patterns. We show that the consumption expenditure responses to the spread of the COVID-19 pandemic are significantly different between the older and younger generations. We find that older adults spend less than the younger generation by at least 5% during the pandemic. In fact, those aged above 60 significantly decrease their spending even on food and drink products by 13%. We also find that older adults forgo shopping in favor of the younger generation. These responses might be due to the fear of COVID-19 infection (Immordino et al., 2022).