Conspicuous Consumption and Race:Evidence from South Africa

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 consumption than comparable White households. In an emerg-ing economy context, this is especially important as it carries implicationsfor spending on future assets.[...]

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Year of publication:	2010
Authors:	Kaus, Wolfhard
Institutions:	Max-Planck-Institut für Ökonomik <Jena> / Abteilung Evolutionsökonomik
Subject:	Haushalt \| Household \| Signaling \| Verbrauch \| Einkommensverteilung \| Rasse

Table of Contents
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1 Introduction
2 Related Literature and Model Predictions
3 Data and Denitions
4 Empirical Investigation
4.1 Assessing the dierences4.2 Explaining the dierences
5 Conclusion
References

Persistent link: https://www.econbiz.de/10005870850