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The effect of COVID‐19 on food sales

The effect of COVID‐19 on food sales Both COVID‐19 pandemic‐related restrictions and recessionary employment loss severely impacted US food sales during 2020. This article estimates the historical relationship between food expenditures and employment at the county level. Using these estimates, we simulate the impact of the loss of employment on food sales and find that, on average, employment loss increased food‐at‐home (FAH) sales by 1.3% and decreased food‐away‐from‐home (FAFH) sales by 0.5% in 2020. We argue differences to the actual 4.8% increase in FAH sales and 19.5% decrease in FAFH sales in 2020 likely stem from the more drastic COVID‐19 pandemic‐related restrictions and behavioral changes. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Applied Economic Perspectives and Policy Wiley

The effect of COVID‐19 on food sales

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References (58)

Publisher
Wiley
Copyright
© 2022 Agricultural and Applied Economics Association
ISSN
2040-5790
eISSN
2040-5804
DOI
10.1002/aepp.13201
Publisher site
See Article on Publisher Site

Abstract

Both COVID‐19 pandemic‐related restrictions and recessionary employment loss severely impacted US food sales during 2020. This article estimates the historical relationship between food expenditures and employment at the county level. Using these estimates, we simulate the impact of the loss of employment on food sales and find that, on average, employment loss increased food‐at‐home (FAH) sales by 1.3% and decreased food‐away‐from‐home (FAFH) sales by 0.5% in 2020. We argue differences to the actual 4.8% increase in FAH sales and 19.5% decrease in FAFH sales in 2020 likely stem from the more drastic COVID‐19 pandemic‐related restrictions and behavioral changes.

Journal

Applied Economic Perspectives and PolicyWiley

Published: Dec 1, 2022

Keywords: COVID‐19; employment; Food Expenditure Series; food‐at‐home; food‐away‐from‐home

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