Culture is a luxury in Latin America

Abstract: In this paper we use micro-data from income and expenditure surveys for seven Latin American countries. We estimate Engel equations and present stylized facts regarding cultural spending. Culture activities are a key indicator of a society development and therefore cultural spending decisi...

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Autores principales: Acerenza,Santiago, Gandelman,Néstor
Lenguaje:English
Publicado: Universidad de Chile. Departamento de Economía 2019
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Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862019000100125
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spelling oai:scielo:S0718-528620190001001252019-07-31Culture is a luxury in Latin AmericaAcerenza,SantiagoGandelman,Néstor Culture income and expenditure surveys Engel equations elasticity Latin America JEL Classification: D12, D13, Z11 Abstract: In this paper we use micro-data from income and expenditure surveys for seven Latin American countries. We estimate Engel equations and present stylized facts regarding cultural spending. Culture activities are a key indicator of a society development and therefore cultural spending decisions are illustrative of how individuals behave and interact within society. We find that culture behaves as a luxury good with income (expenditure) elasticities of cultural spending around 2. Further, we estimate elasticities for three components of cultural spending: spending in cinemas, theaters, music and dancing performances, spending in sports events and spending in other cultural activities. These expenditure elasticities are remarkably similar, also near 2. Additionally, we find that cultural spending is larger in urban areas, larger for households where the household head is a female and larger in household with more members but lower per child as the number of children increases. We find that cultural spending is positively correlated with the education level of the household head and that older household heads allocate a lower share of the budget to culture.info:eu-repo/semantics/openAccessUniversidad de Chile. Departamento de EconomíaEstudios de economía v.46 n.1 20192019-06-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862019000100125en10.4067/S0718-52862019000100125
institution Scielo Chile
collection Scielo Chile
language English
topic Culture
income and expenditure surveys
Engel equations
elasticity
Latin America
JEL Classification: D12, D13, Z11
spellingShingle Culture
income and expenditure surveys
Engel equations
elasticity
Latin America
JEL Classification: D12, D13, Z11
Acerenza,Santiago
Gandelman,Néstor
Culture is a luxury in Latin America
description Abstract: In this paper we use micro-data from income and expenditure surveys for seven Latin American countries. We estimate Engel equations and present stylized facts regarding cultural spending. Culture activities are a key indicator of a society development and therefore cultural spending decisions are illustrative of how individuals behave and interact within society. We find that culture behaves as a luxury good with income (expenditure) elasticities of cultural spending around 2. Further, we estimate elasticities for three components of cultural spending: spending in cinemas, theaters, music and dancing performances, spending in sports events and spending in other cultural activities. These expenditure elasticities are remarkably similar, also near 2. Additionally, we find that cultural spending is larger in urban areas, larger for households where the household head is a female and larger in household with more members but lower per child as the number of children increases. We find that cultural spending is positively correlated with the education level of the household head and that older household heads allocate a lower share of the budget to culture.
author Acerenza,Santiago
Gandelman,Néstor
author_facet Acerenza,Santiago
Gandelman,Néstor
author_sort Acerenza,Santiago
title Culture is a luxury in Latin America
title_short Culture is a luxury in Latin America
title_full Culture is a luxury in Latin America
title_fullStr Culture is a luxury in Latin America
title_full_unstemmed Culture is a luxury in Latin America
title_sort culture is a luxury in latin america
publisher Universidad de Chile. Departamento de Economía
publishDate 2019
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862019000100125
work_keys_str_mv AT acerenzasantiago cultureisaluxuryinlatinamerica
AT gandelmannestor cultureisaluxuryinlatinamerica
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