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Summary Economics of consumption, welfare and society - summaries articles $8.03
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Summary Economics of consumption, welfare and society - summaries articles

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Summaries of the articles of the course Economics of consumption, welfare and society (ECH-22306). Some articles are missing.

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  • October 10, 2018
  • 14
  • 2017/2018
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ECH-22306: Economics of consumption, welfare and society – summaries of the
articles

Lecture 1, article 1: The harriet leisure class – S.P. Linder
 Leisure has increased till 1970/1980
 Leisure time has increased over time, but the amount of money available per hour
has increased even more  goods have become cheaper in relation to leisure time
 change from time-intensive to goods-intensive use of leisure time  time spent
per item has reduced on average = acceleration (versnelling) of consumption
 Consumption is increasingly commodity uintensive  consumption goods have a
higher income elasticity than consumption time
 The income elasticity of goods is usually confused with the income elasticity of time
 one may possibly buy more of everything, but cannot do more of everything
 Leisure time has become less relaxed and more harried
 Since the efficiency of some activities can be increased by using more goods, one
obtains more utility from such activities. Such activities become popular with
increasing income
 Whether or not total consumption time changes, will depend on how easy it is to
substitute goods for time
 Declining pleasures of the tables and the bed  eating and physical love as a
pleasure are tuned into the satisfaction of a basic need / a conjugal duty
(huwelijksplicht)
Increasing conjugal fidelity (huwelijkstrouw): it takes too much time to establish new
contacts
 It is easy to ignore the fact that goods require both time to maintain and time to enjoy
and this form of blindness leads to a suboptimal allocation of time

3 forms of acceleration of consumption
= increasingly little time will be devoted to each consumption item
 Buying a more expensive version of a good/commodity
 Simultaneous consumption = a consumer tries to enjoy more than one
consumption product at the same time  more consumption activities per time unit:
total time spent in using all these things increases, but time allocated to each of them
individually declines.
 Successive (opeenvolgende) consumption = a consumer enjoys one commodity
at a time, but each one for a shorter period.  less time per commodity unit

Equilibrium: equal marginal utility of spending time on each activity.


Lecture 2, article 1: Met het oog op de tijd – M. Cloin et al.
Differences between 2006 and 2011:
Obligations:
 Women: reduction in the amount of time spent on obligations, men: same amount of
time spent on obligations
 Derives not from a reduction in paid work but on household work and care tasks
 Both men and women (in proportion to their input) spent less time on the household
 Reduction in the time spent on caring for children
 Due to demographic developments, such as population ageing and dejuvenation
(fewer children being born)

, Personal time:
 In personal time, the largest time use category is sleeping
 Time spent on eating and drinking remained the same

Free time
 Men have more free time than women  because women spend more time on
personal care, not because they spend more time on obligations
 The amount of free time decreases with increase in education level
 The bulk (het grootste deel) of free time use is devoted to media and ICT (excluding
online communication, for example social media, with is classified under social
contacts)
 The use of media and ICT is increased
 Greater use of the internet was accompanied by decrease in watching TV

Social contacts
 Time spend on social contacts is decreased  time devoted to online social contacts
is the only form of social contact to show an increase
 Reduce in the use of the telephone and visiting others  people do spend more time
going to parties and dinners at other people’s home, but this is classified as
recreational time

Recreational activities and relaxation
 Woman have less time for recreational activities than men have
 The total time spent on these activities did not change, but some shifts did take place
within the total time use in this category  more time to going oud and to sport and
less to other pastimes (tijdverdrijf) as games, hobbies, gardening, looking after
animals or amateur arts.
 A shift from offline to online games
 Trade-off: reduction of resting or briefly doing nothing, but increasing amount of time
spent on sleeping

Social participation = volunteering, providing informal help to persons outside one’s own
household and practising a religion
 No significant shifts in overall time use
 Intensification of the help provided to others by a smaller group of people  less
people do more work
 Women more often provide informal help than men
 People aged 50+do more often provide informal help
 People who spend a lot of time on paid work spend less time on volunteering,
practising a religion and providing informal help

Mobility
 The total time spent travelling remained the same
 Longer commuting (woon- en werkverkeer) to and from work and less time travelling
for leisure purposes

Collective rhythms  many activities are carried out in our daily lives in accordance with a
more or less fixed routine

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