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Status seeking behavior of the poor : a study on India
Marjit, Sugata; Santra, Sattwik; Hati, Koushik Kumar - 2018
This paper is the first attempt towards directly testing the existence of status seeking behavior of the poor for a … developing economy, India, with the help of a large dataset. The paper empirically validates status consciousness among the … patterns via status effect turns out to be statistically significant. Households in the majority of the states, under various …
Persistent link: https://www.econbiz.de/10011898668
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Relative consumption and tax evasion
Goerke, Laszlo - 2013
Relative consumption effects or status concerns that feature jealousy (in the sense of Dupor and Liu, AER 2003) boost … consumption expenditure. If consumption is financed by labour income, such status considerations increase labour supply and, hence …
Persistent link: https://www.econbiz.de/10009691693
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Are consumers planning consumption according to an Euler equation?
Dräger, Lena - 2016
Evaluating a new survey dataset of German consumers, we test whether individual consumption plans are formed according to an Euler equation derived from consumption life-cycle models. Estimating several consumption Euler equations, the results are mostly in line with the theory: We find evidence...
Persistent link: https://www.econbiz.de/10011573880
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Intratemporal nonseparability between housing and nondurable consumption : evidence from reinvestment in housing stock
Khorunzhina, Natalia - 2019
Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households’...
Persistent link: https://www.econbiz.de/10012024427
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Scarcity and consumption priorities
Dahan, Momi; Sayag, Doron - 2023
This paper focuses on whether households facing economic scarcity tend to change consumption priorities as measured by the share of spending on necessity goods relative to luxury goods in a large national supermarket chain in Israel for the years 2011-2018. Based on detailed weekly revenue data...
Persistent link: https://www.econbiz.de/10014232875
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Households' response to the wealth effects of inflation
Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - 2023
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014364676
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On the arbitrariness of consumption
Whalley, John; Zhang, Shunming - 2009
We discuss a simple model of choices of joint consumption by a working couple who place maintenance of their marriage (relationship) above all else. Any proposal made by one partner seeking to provide maximal utility to the other so as to preserve the marriage, in the case where preferences of...
Persistent link: https://www.econbiz.de/10003808681
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Conspicuous consumption and communism : evidence from East and West Germany
Friehe, Tim; Mechtel, Mario - 2012
expenditures remains even 18 years after the reunification. -- conspicuous consumption ; status-seeking ; relative income …
Persistent link: https://www.econbiz.de/10009621765
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Dynamic spending responses to wealth shocks : evidence from quasi-lotteries on the stock market
Andersen, Asger Lau; Johannesen, Niels; Sheridan, Adam - 2021
attention, as measured by the frequency of account logins. …
Persistent link: https://www.econbiz.de/10012597298
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When inefficiency begets efficiency
Gersbach, Hans; Haller, Hans - 2004
Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient distribution of resources within households. Inefficient...
Persistent link: https://www.econbiz.de/10011399478