NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Less of a Luxury: The Rise of Recreation since 1888

Dora L. Costa

NBER Working Paper No. 6054
Issued in June 1997
NBER Program(s):   DAE   LS

I show that recreation has become much more egalitarian over the last hundred years by estimating recreational expenditure elasticities in 1888-1890, 1917-1919, 1935-1936, 1972-1973, and 1991. I find that expenditure elasticities have fallen from around two at the beginning of the century to slightly more than one today and attribute this decline to rising incomes, declines in the price of recreation, and investment in public recreational goods. My findings have implications for trends in the well-being of the poor relative to the rich and for long-term trends" in work hours and labor force participation rates.

download in pdf format
   (936 K)

email paper

This paper is available as PDF (936 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w6054

Users who downloaded this paper also downloaded these:
Costa w7148 American Living Standards: Evidence from Recreational Expenditures
Aït-Sahalia, Parker, and Yogo w8417 Luxury Goods and the Equity Premium
Bagwell and Bernheim w4163 Conspicuous Consumption, Pure Profits, and the Luxury Tax
Greenwood and Vandenbroucke w11629 Hours Worked: Long-Run Trends
Costa w7650 American Living Standards, 1888-1994: Evidence From Consumer Expenditures
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us