Squandering Remittances Income in Conspicuous Consumption?

Jakhongir Kakhkharov and Muzaffarjon Ahunov

Chapter Chapter 12 in 30 Years since the Fall of the Berlin Wall, 2020, pp 271-288 from Palgrave Macmillan

Abstract: 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.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-981-15-0317-7_12

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DOI: 10.1007/978-981-15-0317-7_12

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