The DOI matches its Crossref record.
Life-Cycle Prices and Production
Abstract
We use scanner data and time diaries to document how households substitute time for money through shopping and home production. We document substantial heterogeneity in prices paid for identical goods for the same area and time, with older households shopping the most and paying the lowest prices. Doubling shopping frequency lowers a good's price by 7 to 10 percent. We estimate the shopper's price of time and use this series to estimate an elasticity of substitution between time and goods in home production of roughly 1.8. The observed lifecycle time allocation implies a consumption series that differs markedly from expenditures. (JEL D12, D91)
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cited by
Sweetening of the global diet, particularly beverages: patterns, trends, and policy responses
Popkin, B. M., & Hawkes, C. (2016) · The Lancet Diabetes & Endocrinology · doi:10.1016/s2213-8587(15)00419-2 · Cited by 737
The Consumption Response to Income Changes
Jappelli, T., & Pistaferri, L. (2010) · Annual Review of Economics · doi:10.1146/annurev.economics.050708.142933 · Cited by 704
Gender Gaps and the Rise of the Service Economy
Ngai, L. R., & Petrongolo, B. (2017) · American Economic Journal: Macroeconomics · doi:10.1257/mac.20150253 · Cited by 332
The Retirement Consumption Puzzle: Evidence from a Regression Discontinuity Approach
Battistin, E., Brugiavini, A., Rettore, E., & Weber, G. (2009) · American Economic Review · doi:10.1257/aer.99.5.2209 · Cited by 300
Diagnosing Consumer Confusion and Sub-Optimal Shopping Effort: Theory and Mortgage-Market Evidence
Woodward, S. E., & Hall, R. E. (2012) · American Economic Review · doi:10.1257/aer.102.7.3249 · Cited by 282
Metadata
- Authors
- Aguiar, M., & Hurst, E.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2007-12-01
- Volume
- 97
- Issue
- 5
- Pages
- 1533-1559
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3125008982
- Cited by
- 505
- References
- 0
- FWCI
- 50.64
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Life-Cycle Prices and Production. https://app.cochat.ai/papers/10.1257/aer.97.5.1533
- The paper
- Aguiar, M., & Hurst, E. (2007). Life-Cycle Prices and Production. American Economic Review. https://doi.org/10.1257/aer.97.5.1533
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
