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Online Consumption During and After the COVID-19 Pandemic : Evidence from Japan
http://hdl.handle.net/2261/0002002796
http://hdl.handle.net/2261/0002002796edb4791d-3f03-40ab-a109-19e87b269d57
| 名前 / ファイル | ライセンス | アクション |
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cb-wp035.pdf (708 KB)
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| Item type | テクニカルレポート / Technical Report(1) | |||||||||
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| 公開日 | 2021-11-02 | |||||||||
| タイトル | ||||||||||
| タイトル | Online Consumption During and After the COVID-19 Pandemic : Evidence from Japan | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| 資源タイプ | ||||||||||
| 資源 | http://purl.org/coar/resource_type/c_18gh | |||||||||
| タイプ | technical report | |||||||||
| 著者 |
Watanabe, Tsutomu
× Watanabe, Tsutomu
× Omori, Yuki
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| 著者所属 | ||||||||||
| 言語 | en | |||||||||
| 著者所属 | Graduate School of Economics, University of Tokyo | |||||||||
| 著者所属 | ||||||||||
| 言語 | en | |||||||||
| 著者所属 | Nowcast Inc. | |||||||||
| 抄録 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | The spread of COVID-19 infections has led to substantial changes in consumption pat-terns. While demand for services that involve face-to-face contact has decreased sharply, online consumption of goods and services, such as through e-commerce, is increasing. The aim of this paper is to investigate whether online consumption will continue to increase even after COVID-19 subsides. Online consumption requires upfront costs, which have been re-garded as one of the factors inhibiting the diffusion of online consumption. However, if many consumers made such upfront investments due to the pandemic, they would have no reason to return to offline consumption after the pandemic has ended. We examine whether this was actually the case using credit card transaction data. Our main findings are as follows. First, the main group responsible for the increase in online consumption are consumers who were already familiar with it before the pandemic. These consumers increased the share of online spending in their overall spending. Second, some consumers that had never used the internet for purchases before started to do so due to COVID-19. However, the fraction of consumers making this switch was not very different from the trend before the crisis. Third, by age group, the switch to online consumption was more pronounced among youngsters than seniors. These findings suggest that it is not the case that during the pandemic a large number of consumers made the upfront investment necessary to switch to online consump-tion, so a certain portion of the increase in online consumption is likely to fall away again once COVID-19 subsides. | |||||||||
| 言語 | en | |||||||||
| 書誌情報 |
en : Working Papers on Central Bank Communication 巻 035, 発行日 2021-11 |
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| 出版者 | ||||||||||
| 出版者 | Research Project on Central Bank Communication | |||||||||
| 言語 | en | |||||||||
| 関係URI | ||||||||||
| 関連タイプ | isIdenticalTo | |||||||||
| 識別子タイプ | URI | |||||||||
| 関連識別子 | https://www.centralbank.e.u-tokyo.ac.jp/en/category/research/ | |||||||||
