Premium
Demand for Prepared Meals by U.S. Households
Author(s) -
Park John L.,
Capps Oral
Publication year - 1997
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1244423
Subject(s) - economics , agricultural economics , low income , food science , labour economics , demographic economics , biology
Using the 1987–88 NFCS, a Heckman two‐stage procedure was used to estimate the demand for prepared meals by U.S. households. Prepared meals were defined as those ready to eat and those ready to cook. Households headed by younger, more educated, and time‐constrained managers were more likely to purchase prepared meals. Income elasticities ranged from 0.07 to 0.13, while own‐price elasticities ranged from −0.23 to −0.66. Evidence exists to indicate that prepared meals and food‐away‐from‐home are substitutes. The presence of teenagers in a household is positively associated with expenditures of prepared meals.