Household expenditures and wealth among young Guatemalan adults

In this article, we describe expenditure and wealth patterns, indicators of long-run economic well-being, for a sample of young Guatemalan adults interviewed for the Human Capital Study 2002–04, finding a number of differences across subgroups of the sample. The main difference across birth-year coh...

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Autores principales: Maluccio, John, Martorell, Reynaldo, Ramires, Luis Fernando
Formato: Journal Article
Lenguaje:Inglés
Publicado: SAGE Publications 2005
Materias:
Acceso en línea:https://hdl.handle.net/10568/172360
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author Maluccio, John
Martorell, Reynaldo
Ramires, Luis Fernando
author_browse Maluccio, John
Martorell, Reynaldo
Ramires, Luis Fernando
author_facet Maluccio, John
Martorell, Reynaldo
Ramires, Luis Fernando
author_sort Maluccio, John
collection Repository of Agricultural Research Outputs (CGSpace)
description In this article, we describe expenditure and wealth patterns, indicators of long-run economic well-being, for a sample of young Guatemalan adults interviewed for the Human Capital Study 2002–04, finding a number of differences across subgroups of the sample. The main difference across birth-year cohorts is that younger subjects tend to live in smaller households, with lower total annual household expenditures (and fewer durable goods), though per capita measures are similar across cohorts. This appears to be related to life-cycle fertility patterns. There is a clear positive association between parental socioeconomic status (SES) and current levels of expenditure and durable goods ownership. This association does not hold for all households, however, as there is both upward and downward “mobility” in the sample. Those living in the capital have the highest overall wealth levels, consistent with typical rural-urban patterns. Where there are expenditure differences across groups, they tend to be driven by differences in nonfood rather than food expenditures. Lastly, the study sample is relatively well off compared with their compatriots, with a poverty rate of 35% and an extreme poverty rate of only 3%, against national averages of 56% and 15%, respectively.
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spelling CGSpace1723602025-02-19T14:08:13Z Household expenditures and wealth among young Guatemalan adults Maluccio, John Martorell, Reynaldo Ramires, Luis Fernando wealth youth expenditure households In this article, we describe expenditure and wealth patterns, indicators of long-run economic well-being, for a sample of young Guatemalan adults interviewed for the Human Capital Study 2002–04, finding a number of differences across subgroups of the sample. The main difference across birth-year cohorts is that younger subjects tend to live in smaller households, with lower total annual household expenditures (and fewer durable goods), though per capita measures are similar across cohorts. This appears to be related to life-cycle fertility patterns. There is a clear positive association between parental socioeconomic status (SES) and current levels of expenditure and durable goods ownership. This association does not hold for all households, however, as there is both upward and downward “mobility” in the sample. Those living in the capital have the highest overall wealth levels, consistent with typical rural-urban patterns. Where there are expenditure differences across groups, they tend to be driven by differences in nonfood rather than food expenditures. Lastly, the study sample is relatively well off compared with their compatriots, with a poverty rate of 35% and an extreme poverty rate of only 3%, against national averages of 56% and 15%, respectively. 2005-06 2025-01-29T12:59:51Z 2025-01-29T12:59:51Z Journal Article https://hdl.handle.net/10568/172360 en Limited Access SAGE Publications Maluccio, John; Martorell, Reynaldo; Ramires, Luis Fernando. 2005. Household expenditures and wealth among young Guatemalan adults. Food and Nutrition Bulletin [Supplement 1: The Human Capital 2002-04 study in Guatemala: a follow-up to the INCAP longitudinal study] 26(2): S110-124. https://doi.org/10.1177/15648265050262S111
spellingShingle wealth
youth
expenditure
households
Maluccio, John
Martorell, Reynaldo
Ramires, Luis Fernando
Household expenditures and wealth among young Guatemalan adults
title Household expenditures and wealth among young Guatemalan adults
title_full Household expenditures and wealth among young Guatemalan adults
title_fullStr Household expenditures and wealth among young Guatemalan adults
title_full_unstemmed Household expenditures and wealth among young Guatemalan adults
title_short Household expenditures and wealth among young Guatemalan adults
title_sort household expenditures and wealth among young guatemalan adults
topic wealth
youth
expenditure
households
url https://hdl.handle.net/10568/172360
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AT ramiresluisfernando householdexpendituresandwealthamongyoungguatemalanadults