id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_krztae4wazdwbofrbpz4nxmete	K. Sudhir	Long Term Effects of 'Prosperity in Youth' on Consumption: Evidence from China	2015	48	.pdf	application/pdf	12468	1477	71	We test for the long-term impact of experiencing "prosperity in youth" (PIY) on nontraditional category consumption. of non-traditional categories by the rich during one's youth have significant impact on longterm consumption—almost the same magnitude as the direct effect. preferences for non-traditional categories over time in which we should not expect PIY effects likely to consume non-traditional categories like coffee, western snacks, and fast food. we find evidence of the "prosperity-in-youth" (PIY) effect; individuals who experience direct analysis is consumption of three relatively "new" non-traditional categories in China: coffee, Together, these fixed effects on time, province, age, and cohort absorb any variation in consumption from age, time, province and contemporaneous individual effects: We next add the direct and indirect intra-cohort PIY effect by including the individual i's PIY effect on the relative consumption of the non-traditional category (coffee) to relatively Table 2: Cohort Effects in Non-Traditional Category Consumption 	./cache/work_krztae4wazdwbofrbpz4nxmete.pdf	./txt/work_krztae4wazdwbofrbpz4nxmete.txt