Is Concern for Relative Consumption a Function of Relative Consumption?

By using hypothetical choice experiments, this paper presents evidence that individuals' concern for relative consumption depends on their relative consumption. Individuals with consumption levels above society's average consumption level tend to have, in general, lower concern for relative consumption. This supports Duesenberry's (1949) notion that people are more concerned with upward social comparison than with downward social comparison. <p>

MoreLess

Year of publication:	2006-06-30
Authors:	Andersson, Fredrik W.
Institutions:	Nationalekonomiska institutionen, Handelshögskolan
Subject:	Relative consumption \| marginal degree of positionality \| choice experiments \| questionnaire-experimental methods

More details

Extent:	text/html
Series:	Working Papers in Economics.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Socio Economics, 2008, pages 353-364. The text is part of a series Working Papers in Economics Number 220 16 pages
Classification:	C91 - Laboratory, Individual Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005423947