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| DOI | 10.1080/00220388.2024.2307038 |
| Being Well-in with the Joneses? A Lab-in-the-Field Experiment on Conspicuous Consumption among Rural Communities | |
| 发表日期 | 2024 |
| ISSN | 0022-0388 |
| EISSN | 1743-9140 |
| 起始页码 | 60 |
| 结束页码 | 6 |
| 卷号 | 60期号:6 |
| 英文摘要 | Conspicuous consumption, specialised consumption of high visibility but without apparent economic benefit, is reducing investment in productive assets and thus hindering economic development in low-income countries. In previous research, the phenomenon was commonly explained by status-seeking and herding behaviour. Our study follows a novel angle in testing the role of risk sharing, assuming that investment into social status is perceived to increase access to informal credits in times of crises. We conduct a random-effects hurdle model along a lab-in-the-field experiment along a sample of 197 wheat farmers in Uzbekistan, a country characterised by high levels of risk and uncertainty. Within our experimental setup, both risk attitude and real-life risk management decision are found to be significant determinants of conspicuous consumption. Our findings support the notion of a complex decision-making process with risk sharing as one important motivator. Providing first empirical evidence on the topic, our findings have implications beyond our narrowly defined study case: We argue that strengthening options of formal risk-sharing tools might remove one of the motivators for conspicuous consumption; thus, it could improve the economic welfare of low-income households worldwide by allowing for more productive investment of scarce financial resources. |
| 英文关键词 | D12; D14; I32; Conspicuous consumption; peacock effect; behavioural experiment; risk management policy; resilience; climate change mitigation |
| 语种 | 英语 |
| WOS研究方向 | Development Studies ; Business & Economics |
| WOS类目 | Development Studies ; Economics |
| WOS记录号 | WOS:001161241400001 |
| 来源期刊 | JOURNAL OF DEVELOPMENT STUDIES
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| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/296819 |
| 作者单位 | Leibniz Institut fur Agrarentwicklung in Transformationsokonomien (IAMO) |
| 推荐引用方式 GB/T 7714 | . Being Well-in with the Joneses? A Lab-in-the-Field Experiment on Conspicuous Consumption among Rural Communities[J],2024,60(6). |
| APA | (2024).Being Well-in with the Joneses? A Lab-in-the-Field Experiment on Conspicuous Consumption among Rural Communities.JOURNAL OF DEVELOPMENT STUDIES,60(6). |
| MLA | "Being Well-in with the Joneses? A Lab-in-the-Field Experiment on Conspicuous Consumption among Rural Communities".JOURNAL OF DEVELOPMENT STUDIES 60.6(2024). |
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