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Apparel Expenditure Patterns of Elderly Consumers: A Life-Cycle Consumption Model

Jinkook Lee

University of Tennessee

Sherman D. Hanna

Ohio State University

Chiu Fui Joyce Mok

Nanyang Technological University

Hui Wang

Miliken and Company

Using the 1990 and 1991 U.S. Bureau of Labor Statistics Interview Survey of Consumer Expenditures, apparel expenditure patterns of elderly consumers were analyzed based on a life-cycle consumption model. The life-cycle consumption model implies planned decreases in apparel expenditure with age, and the empirical analysis supported this hypothesized age effect. In addition, income,financial assets, household composition, number of earners, and education werefound to influence elderly consumers' apparel expenditure patterns.

Family and Consumer Sciences Research Journal, Vol. 26, No. 2, 109-140 (1997)
DOI: 10.1177/1077727X970262002
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