Dining out: Are seniors today different from seniors a decade ago?

Renuka Mahadevan; Leonora Risse

doi:10.1016/j.ijhm.2019.03.020

Dining out: Are seniors today different from seniors a decade ago?

Research output: Contribution to journal › Article › peer-review

Abstract

This is the first intertemporal analysis of seniors’ income elasticity of expenditure on food-away-from-home (FAFH) across age cohorts. While the expenditure behaviour of Australian seniors today is not too different from those a decade ago, today's seniors are more homogenous in terms of the sensitivity of their FAFH spending to a change in income. The finding that seniors do not treat FAFH as a luxury good can serve as a buffer against potential declines in demand for food services in times of economic crisis and uncertainty, especially as seniors’ share of the overall population continues to grow in future years.

Original language	English
Pages (from-to)	128-131
Number of pages	4
Journal	International Journal of Hospitality Management
Volume	83
DOIs	https://doi.org/10.1016/j.ijhm.2019.03.020
Publication status	Published - Oct 2019
Externally published	Yes

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10.1016/j.ijhm.2019.03.020

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title = "Dining out: Are seniors today different from seniors a decade ago?",

abstract = "This is the first intertemporal analysis of seniors{\textquoteright} income elasticity of expenditure on food-away-from-home (FAFH) across age cohorts. While the expenditure behaviour of Australian seniors today is not too different from those a decade ago, today's seniors are more homogenous in terms of the sensitivity of their FAFH spending to a change in income. The finding that seniors do not treat FAFH as a luxury good can serve as a buffer against potential declines in demand for food services in times of economic crisis and uncertainty, especially as seniors{\textquoteright} share of the overall population continues to grow in future years.",

keywords = "Food-away-from-home, Income elasticity, Life cycle, Seniors",

author = "Renuka Mahadevan and Leonora Risse",

note = "Publisher Copyright: {\textcopyright} 2019 Elsevier Ltd",

year = "2019",

month = oct,

doi = "10.1016/j.ijhm.2019.03.020",

language = "English",

volume = "83",

pages = "128--131",

journal = "International Journal of Hospitality Management",

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T1 - Dining out

T2 - Are seniors today different from seniors a decade ago?

AU - Mahadevan, Renuka

AU - Risse, Leonora

PY - 2019/10

Y1 - 2019/10

N2 - This is the first intertemporal analysis of seniors’ income elasticity of expenditure on food-away-from-home (FAFH) across age cohorts. While the expenditure behaviour of Australian seniors today is not too different from those a decade ago, today's seniors are more homogenous in terms of the sensitivity of their FAFH spending to a change in income. The finding that seniors do not treat FAFH as a luxury good can serve as a buffer against potential declines in demand for food services in times of economic crisis and uncertainty, especially as seniors’ share of the overall population continues to grow in future years.

AB - This is the first intertemporal analysis of seniors’ income elasticity of expenditure on food-away-from-home (FAFH) across age cohorts. While the expenditure behaviour of Australian seniors today is not too different from those a decade ago, today's seniors are more homogenous in terms of the sensitivity of their FAFH spending to a change in income. The finding that seniors do not treat FAFH as a luxury good can serve as a buffer against potential declines in demand for food services in times of economic crisis and uncertainty, especially as seniors’ share of the overall population continues to grow in future years.

KW - Food-away-from-home

KW - Income elasticity

KW - Life cycle

KW - Seniors

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DO - 10.1016/j.ijhm.2019.03.020

M3 - Article

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VL - 83

SP - 128

EP - 131

JO - International Journal of Hospitality Management

JF - International Journal of Hospitality Management

ER -

Dining out: Are seniors today different from seniors a decade ago?

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