Impact of the 2007–2008 United States Economic Crisis on Pet Ownership
Limited literature explores the relationship between economic impacts and pet ownership. Do people have more pets as a result of economic crises? In the current study, we answer this question by looking at the time series of pet ownership and children present in U.S. households from 2003 to 2018. We...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-11-01
|
| Series: | Animals |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2076-2615/12/21/3010 |
| _version_ | 1797469405996646400 |
|---|---|
| author | Pablo Crespo Marco Faytong-Haro |
| author_facet | Pablo Crespo Marco Faytong-Haro |
| author_sort | Pablo Crespo |
| collection | DOAJ |
| description | Limited literature explores the relationship between economic impacts and pet ownership. Do people have more pets as a result of economic crises? In the current study, we answer this question by looking at the time series of pet ownership and children present in U.S. households from 2003 to 2018. We utilize a causal inference technique to compare the estimated real trend of pet ownership in American households against the scenario in which the 2007–2008 financial crisis would not have occurred. Our findings suggest that the financial crisis triggered households to own more pets, specifically dogs and cats. |
| first_indexed | 2024-03-09T19:19:57Z |
| format | Article |
| id | doaj.art-4dc27739b0ad401ab1ac03a9a572e1f1 |
| institution | Directory Open Access Journal |
| issn | 2076-2615 |
| language | English |
| last_indexed | 2024-03-09T19:19:57Z |
| publishDate | 2022-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Animals |
| spelling | doaj.art-4dc27739b0ad401ab1ac03a9a572e1f12023-11-24T03:25:33ZengMDPI AGAnimals2076-26152022-11-011221301010.3390/ani12213010Impact of the 2007–2008 United States Economic Crisis on Pet OwnershipPablo Crespo0Marco Faytong-Haro1Etsy, Inc., 117 Adams St, Brooklyn, NY 11201, USASociology and Demography Department, The Pennsylvania State University, University Park, PA 16802, USALimited literature explores the relationship between economic impacts and pet ownership. Do people have more pets as a result of economic crises? In the current study, we answer this question by looking at the time series of pet ownership and children present in U.S. households from 2003 to 2018. We utilize a causal inference technique to compare the estimated real trend of pet ownership in American households against the scenario in which the 2007–2008 financial crisis would not have occurred. Our findings suggest that the financial crisis triggered households to own more pets, specifically dogs and cats.https://www.mdpi.com/2076-2615/12/21/3010pet ownership; economic crisiscausal impacttime use; household size |
| spellingShingle | Pablo Crespo Marco Faytong-Haro Impact of the 2007–2008 United States Economic Crisis on Pet Ownership Animals pet ownership; economic crisis causal impact time use; household size |
| title | Impact of the 2007–2008 United States Economic Crisis on Pet Ownership |
| title_full | Impact of the 2007–2008 United States Economic Crisis on Pet Ownership |
| title_fullStr | Impact of the 2007–2008 United States Economic Crisis on Pet Ownership |
| title_full_unstemmed | Impact of the 2007–2008 United States Economic Crisis on Pet Ownership |
| title_short | Impact of the 2007–2008 United States Economic Crisis on Pet Ownership |
| title_sort | impact of the 2007 2008 united states economic crisis on pet ownership |
| topic | pet ownership; economic crisis causal impact time use; household size |
| url | https://www.mdpi.com/2076-2615/12/21/3010 |
| work_keys_str_mv | AT pablocrespo impactofthe20072008unitedstateseconomiccrisisonpetownership AT marcofaytongharo impactofthe20072008unitedstateseconomiccrisisonpetownership |