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Squandering Remittances Income in Conspicuous Consumption?
Kakhkharov, Jakhongir Ahunov, Muzaffar
Kakhkharov, Jakhongir
Ahunov, Muzaffar
Abstract
We investigate the impact of remittances from labour migrants on household expenditures in Uzbekistan by comparing mean expenditures and using unique, nationally representative survey data. The results provide evidence that remittance-receiving households spend more on wedding ceremonies, gifts, and non-food expenditures. Most of these expenditures have the purpose of increasing the households’ social status, so they could be classified as manifestations of conspicuous consumption in order to display wealth and income, rather than to cover the consumer’s investment needs.
Keywords
remittances, labour migration, Uzbekistan, conspicuous consumption, social status
Date
2020
Type
Book chapter
Journal
Book
30 Years since the Fall of the Berlin Wall
Volume
Issue
Page Range
271
Article Number
ACU Department
Peter Faber Business School
Faculty of Law and Business
Faculty of Law and Business
Collections
Relation URI
Event URL
Open Access Status
License
All rights reserved
File Access
Controlled
Notes
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020