Identity changes and well-being gains of spending money on material and experiential consumer products

Olaya Moldes, Robin Banerjee, Matthew J. Easterbrook, Peter R. Harris and Helga Dittmar

Journal of Economic Psychology, 2019, vol. 72, issue C, 229-244

Abstract: •Identity changes predict well-being beyond the material-experiential typology.•The functions of effectiveness and self-esteem provide hedonic value to consumers.•Both material and experiential purchases display financial and social status.•The satisfaction of self-esteem and relatedness increase after making a purchase.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:72:y:2019:i:c:p:229-244

DOI: 10.1016/j.joep.2019.04.003

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