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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Universidad de Chile. Departamento de Economía
2019
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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 |
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Scielo Chile |
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Culture income and expenditure surveys Engel equations elasticity Latin America JEL Classification: D12, D13, Z11 |
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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 |
_version_ |
1714205053545349120 |