Status Consumption and Poverty in Developing Countries
Evidence and Welfare Effects
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This book investigates the scope, nature, and welfare effects of status consumption by the poor in developing countries, a phenomenon that is virtually unexplored in the development economics literature. It addresses questions such as: why do the poor buy status-intensive goods, while they suffer from inadequate levels of basic needs satisfaction? Is it because they are willing to pay extra for a good if it displays a well-known logo of a Western brand? What role do counterfeit goods play in status consumption by the poor? And do Western brand-name goods consumed by others provoke envy in poor...
This book investigates the scope, nature, and welfare
effects of status consumption by the poor in
developing countries, a phenomenon that is virtually
unexplored in the development economics literature.
It addresses questions such as: why do the poor buy
status-intensive goods, while they suffer from
inadequate levels of basic needs satisfaction? Is it
because they are willing to pay extra for a good if
it displays a well-known logo of a Western brand?
What role do counterfeit goods play in status
consumption by the poor? And do Western brand-name
goods consumed by others provoke envy in poor
observers? Answers to these questions are sought by
the collection of primary data in Bolivia. An
innovative feature of the book is the design of
economic experiments to tackle issues related to
status consumption in developing countries. While
written primarily for (development) economists, the
book should provide useful insights to development
scholars in general and is accessible to interested
practitioners in the field of development as well.
effects of status consumption by the poor in
developing countries, a phenomenon that is virtually
unexplored in the development economics literature.
It addresses questions such as: why do the poor buy
status-intensive goods, while they suffer from
inadequate levels of basic needs satisfaction? Is it
because they are willing to pay extra for a good if
it displays a well-known logo of a Western brand?
What role do counterfeit goods play in status
consumption by the poor? And do Western brand-name
goods consumed by others provoke envy in poor
observers? Answers to these questions are sought by
the collection of primary data in Bolivia. An
innovative feature of the book is the design of
economic experiments to tackle issues related to
status consumption in developing countries. While
written primarily for (development) economists, the
book should provide useful insights to development
scholars in general and is accessible to interested
practitioners in the field of development as well.
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