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英文文献：On the Effect of the Great Recession on US Household Expenditures for Entertainment-“大衰退”对美国家庭娱乐支出的影响
英文文献作者：Liping Gao,Hyeongwoo Kim,Yaoqi Zhang
英文文献摘要：
This paper empirically investigates potential effects of economic recessions on consumers?? decision making process for recreational activities using the Consumer Expenditure Survey (CES) data during the Great Recession. We employ the Probit model to study how changes in income affect the likelihood of making non-zero expenditures on entertainment activities. We also use the Tobit model to assess the income effect on those activities in the presence of censored observations. We found overall statistically significant effects of recessions on leisure activities, which may explain sluggish adjustments of leisure consumption during recessions.
本文利用大衰退期间消费者支出调查(CES)数据，实证地调查了经济衰退对消费者娱乐活动决策过程的潜在影响。我们使用Probit模型来研究收入的变化如何影响娱乐活动非零支出的可能性。我们也使用Tobit模型来评估收入对那些活动的影响。我们发现经济衰退对休闲活动的总体统计显著影响，这可以解释经济衰退期间休闲消费的缓慢调整。
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