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http://dx.doi.org/10.5850/JKSCT.2014.38.1.33

A Study of Urban Household Demand for Clothing Items by Income  

Kim, Kisung (Dept. of Home Economics, Sangji University)
Publication Information
Journal of the Korean Society of Clothing and Textiles / v.38, no.1, 2014 , pp. 33-45 More about this Journal
Abstract
This study investigates urban household consumption patterns for clothing items in different income cohorts through the analysis of an Almost Ideal Demand System (AIDS) model. Korea quarterly time-series statistics data for urban household expenditures from 1990 to 2013 analyzed household demand. The price and total consumption expenditure elasticities of 4 clothing items (outer wear, shoes, clothing related services and other miscellaneous clothing) for 7 income cohorts were estimated to investigate the clothing consumption patterns of different income cohorts. The study results show that the different household income cohorts have different consumption patterns for clothing items. The elastic demand of total consumption expenditures in the lowest household income cohort suggests that they consume clothing items as luxuries while other households mostly consume them as necessities. The price elasticity for all household income cohorts and clothing items (except the highest household income cohort and outer wear) was found to be elastic. The highest household income cohort had an inelastic price demand for all clothing items that implied a less sensitive clothing consumption change for the clothing price change than other households.
Keywords
Demand; Elasticity; Clothing; Household; AIDS model;
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Times Cited By KSCI : 5  (Citation Analysis)
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