This paper investigates the trickle-down consumption effect and the moderating effect of
digital finance in China. Three realistic patterns motivate this study; trickle-down …

Purpose South Africa is increasingly becoming an attractive market for luxury fashion brands
due to the growing middle-income consumer segment, which is perceived to be upwardly …

If individuals care about their status, defined as their rank in the distribution of conspicuous
consumption, a fall in the level of visible inequality is likely to cause them to spend more on …

We model US household debt accumulation during the neoliberal boom (1990–2007) as a
response to emulation effects and the decline of the social wage, which has 'privatised'an …

Economic growth stimulates fundamental changes in consumption patterns as consumers
who get rich tend to spread their spending more evenly across a wider variety of goods and …

Increased conspicuous consumption motivated by status-seeking behavior can undermine
the gains in well-being derived from economic growth. Using expenditure surveys from …

We develop a model that predicts changes in household consumption following a mean
preserving increase in consumption inequality. The model allows for multiple peer-groups (a …

Conspicuous consumption, specialised consumption of high visibility but without apparent
economic benefit, is reducing investment in productive assets and thus hindering economic …

Visible expenditures which convey higher socioeconomic status may help individuals
differentiate themselves in the marriage market when there is competition for partners and …

This paper examines the relationship between income inequality and consumption, utilizing
panel data from rural China over a span of four years to validate the application of relative …