Conspicuous consumption and satisfaction
نویسنده
چکیده
Traditional tools of welfare economics identify the envy-related welfare loss from conspicuous consumption only under very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption externalities. The approach is developed in the context of luxury car consumption (Ferraris and Porsches) in Switzerland. Results from household panel data and fixed effects panel regressions suggest that the prevalence of luxury cars in the municipality of residence has a negative impact on own income satisfaction. DOI: https://doi.org/10.1016/j.joep.2011.08.013 Posted at the Zurich Open Repository and Archive, University of Zurich ZORA URL: https://doi.org/10.5167/uzh-56008 Submitted Version Originally published at: Winkelmann, Rainer (2012). Conspicuous consumption and satisfaction. Journal of Economic Psychology, 33(1):183-191. DOI: https://doi.org/10.1016/j.joep.2011.08.013
منابع مشابه
www.econstor.eu Conspicuous Consumption and Satisfaction
Traditional tools of welfare economics identify the envy-related welfare loss from conspicuous consumption only under very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption externalities. The approach is developed in the context of luxury car consumption (Ferraris and Porsches) in Switzerland. Results from household panel data and fi...
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تاریخ انتشار 2011