TITLE

Is concern for relative consumption a function of relative consumption?

AUTHOR(S)
Andersson, Fredrik W.
PUB. DATE
February 2008
SOURCE
Journal of Socio-Economics;Feb2008, Vol. 37 Issue 1, p353
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Abstract: 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 [Duesenberry, J.S., 1949. Income, Saving, and the Theory of Consumer Behavior. Havard Univeristy Press, Cambridge, MA] notion that people are more concerned with upward social comparison than with downward social comparison.
ACCESSION #
28406602

 

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