Kaus, Wolfhard - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010
A century ago, Thorstein Veblen introduced socially contingent con-sumption into the economic literature. This paper complements the scarceempirical literature by testing his conjecture on South African householddata and nds that Black and Coloured households spend relatively moreon visible...