Suchergebnisse

AbstractMillenials are the generation everyone is talking about and the generation who loves to talk about themselves. More than just a media buzzword, researchers, marketers, and retailers are interested in how the soon‐to‐be‐largest segment of the population is making food purchasing decisions. This paper uses the difference‐in‐difference method to determine the causal "millennial effect" on the share of income spent on various food expenditure categories. Data from the Bureau of Labor Statistics' Consumer Expenditure Survey was used to identify how young people's food expenditures compare to older people's in 2015 and in 1980. Results indicate significant "millennial effects" that might have policy implications for future health care spending. Millennials have higher demand for cereal, beef, pork, poultry, eggs, and fresh fruit and lower demand for "other" food, and for food away from home relative to what would have been expected from the eating patterns of the young and old 35 years prior.

AbstractA perk of academic employment is the ability to earn additional income from non‐university entities by consulting. Despite the availability of such work, the potential synergies with research, teaching, and extension, and the controversy sometimes surrounding it, there is surprisingly little research on the prevalence of outside consulting, the determinants of consulting, or the response of faculty to specific university consulting policies. To address these issues, this paper utilizes data from a nationwide survey of academic agricultural economists. We find that about 43% of the sample reported consulting activities in the year prior to the survey. Of those who consulted, 12% (or about $34,000) of their total household income on average comes from outside consulting activities. Income from consulting is positively correlated with having a research appointment, income earned from the university, and number of career published papers. We also document extensive heterogeneity across university consulting policies and perceptions of these policies.