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Do credit cards trigger conspicuous consumption? Evidence from Turkish households

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dc.contributor.authorACET DÖNMEZ, GİZEM
dc.contributor.authorGÜNEŞ, HURŞİT
dc.contributor.authorsAcet Dönmez G., Güneş H.
dc.date.accessioned2023-05-26T07:54:42Z
dc.date.available2023-05-26T07:54:42Z
dc.date.issued2022-05-11
dc.description.abstractConsumption decisions of individuals sometimes contradict with the neoclassical assumption of rationality. Veblen’s concept of conspicuous consumption is often regarded as a specific case of this irrationality because expenditures on conspicuous items are seen as wasteful. Another form of irrational behaviour takes place when consumers pay their purchases with a credit card. For instance, instalment payments offered by credit cards shift consumers’ attention from the total cost to the amount of monthly payment, and thereby lead consumers to spend unreasonably more. This study aims to examine the connection between these two concepts -conspicuous consumption and credit card usage- in Turkey. Household Budget Survey 2019 of TurkStat has been utilized for this purpose. Following the literature, spendings on products related to appearance (i.e., clothing, footwear, and accessories) -above a particular threshold- have been assumed as conspicuous consumption expenditures. The results of the weighted ordinary least squares estimation have demonstrated that credit card user households spend significantly more on conspicuous items compared to households who do not use any credit card. This connection prevails even after controlling for income level of the household as well as some demographic characteristics, and the findings are robust to the choice of threshold.
dc.identifier.citationAcet Dönmez G., Güneş H., \"Do Credit Cards Trigger Conspicuous Consumption? Evidence from Turkish Households\", EconAnadolu 2022 The Sixth International Conference on Economics, Eskişehir, Türkiye, 13 - 15 Mayıs 2022, ss.28
dc.identifier.urihttps://econanadolu.com/EconAnadolu2022_Programme.pdf
dc.identifier.urihttps://hdl.handle.net/11424/289649
dc.language.isoeng
dc.relation.ispartofEconAnadolu 2022 The Sixth International Conference on Economics
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectSosyal ve Beşeri Bilimler
dc.subjectİktisat
dc.subjectSocial Sciences and Humanities
dc.subjectEconomics
dc.subjectSosyal Bilimler (SOC)
dc.subjectEkonomi ve İş
dc.subjectEKONOMİ
dc.subjectSocial Sciences (SOC)
dc.subjectECONOMICS & BUSINESS
dc.subjectECONOMICS
dc.subjectEkonomi ve Ekonometri
dc.subjectEkonomi, Ekonometri ve Finans (çeşitli)
dc.subjectGenel Ekonomi, Ekonometri ve Finans
dc.subjectSosyal Bilimler ve Beşeri Bilimler
dc.subjectEconomics and Econometrics
dc.subjectEconomics, Econometrics and Finance (miscellaneous)
dc.subjectGeneral Economics, Econometrics and Finance
dc.subjectSocial Sciences & Humanities
dc.titleDo credit cards trigger conspicuous consumption? Evidence from Turkish households
dc.typeconferenceObject
dspace.entity.typePublication
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relation.isAuthorOfPublication.latestForDiscovery963970e3-1b7a-4fe0-9d68-4abf6dc226f5

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