Have economically disadvantaged groups consumption patterns been forced to change?: A study on how inflation have changed the consumption pattern for students and pensioners
2024 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE credits
Student thesisAlternative title
Har ekonomiskt utsatta gruppers konsumtionsmönster tvingats att förändras? (Swedish)
Abstract [en]
This study delves into the socioeconomically disadvantaged segments of society to understand the consequences of elevated inflation rates worsened by concurrent global crises, including the COVID-19 pandemic and the Ukrainian conflict. Through a comprehensive examination of consumption patterns and purchasing capabilities over a four-year period, we anticipate a decline in consumption rates among the demographic groups under investigation. Empirics was gathered through the use of a survey. Results can be related to theory, such as substitution effect, income effect and monetarism. Previous research could be tied to our findings. This decline is attributed to the inflationary pressures constraining aggregate consumer spending, leading to increased expenditures on essential commodities and decreased spending on less necessary goods. The analysis reveals discernible disparities in consumption patterns, confirming our initial expectations and underscoring the impact of economic conditions on vulnerable demographics.
Place, publisher, year, edition, pages
2024. , p. 45
Keywords [en]
inflation, consumption, substitution effect, income effect, purchasing power, students, pensioners
National Category
Business Administration Economics
Identifiers
URN: urn:nbn:se:mdh:diva-68202OAI: oai:DiVA.org:mdh-68202DiVA, id: diva2:1890882
Subject / course
Economics
Supervisors
Examiners
2024-08-212024-08-202025-10-10Bibliographically approved