Economic Inequality Increases the Preference for Status Consumption.

ABSTRACT: Prior research has shown the relationship between objective economic inequality and searching for positional goods. It also investigated the relationship between social class and low income with conspicuous consumption. However, the causal relationship between economic inequality (the difference in wealth between individuals and groups living in a shared context and consumer behavior) has been less explored. Furthermore, there are also few studies looking for the psychological mechanisms that underlie these effects. The current research's main goal is to analyze the consequences of perceived economic inequality (PEI) on conspicuous and status consumption and the possible psychological mechanisms that could explain its effects. Furthermore, the current research aims to examine whether there

SUBMITTER: Velandia-Morales A 

PROVIDER: S-EPMC8777289 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature