Lower-income consumers who seek to increase their perceived social status or to emulate their wealthier peers may be … more expensive vehicles than they otherwise would. The preferences for prestige are driven both by status signaling and … peer emulation motives. Furthermore, we show that larger vehicle purchases financed by auto loans lead to worse loan …

argued that taking over the privileges of the former colonialists would be regarded as an authenticating mark of status for … effect of the enhanced economic status of the new elite in Zimbabwe is a tendency to eschew extended family support which is …

in the literature and variables specifically related to emulation, income level, income distribution and urbanization …