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• W3155763278 abstract "The COVID-19 vaccination drive raises questions about the trajectory of the economic recovery and the pandemic’s impact on consumers’ longer-term behaviors. In this Commentary, we examine the evolution of consumers’ expectations for their post-crisis spending on services that have been dramatically curtailed by the pandemic: visiting restaurants, bars, and hotels, using public transportation, and attending crowded events. We document a U-shaped pattern of expected future use of these services, with growing pessimism in summer 2020 that had largely reversed by fall 2020—for most groups. More recently, higher-income individuals have indicated that they expect to sharply increase their use of these services compared with their pre-pandemic behaviors, but there has been a notable scarring of expectations among older Americans." @default.
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• W3155763278 date "2021-04-12" @default.
• W3155763278 modified "2023-09-24" @default.
• W3155763278 title "Expected Post-Pandemic Consumption and Scarred Expectations from COVID-19" @default.
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• W3155763278 doi "https://doi.org/10.26509/frbc-ec-202111" @default.
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