콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration

Print

Conspicuous consumption and social status in Korea : An assessment of reciprocal effects

Related Document
Frame of Image
  • Conspicuous consumption and social status in Korea
  • Yoon, Jeong Koo; Seok, Hyun Ho
  • Seoul National University(Population and Development Studies Center)


link
Title Conspicuous consumption and social status in Korea
Similar Titles
Sub Title

An assessment of reciprocal effects

Material Type Reports
Author(English)

Yoon, Jeong Koo; Seok, Hyun Ho

Publisher

[Seoul]:Seoul National University(Population and Development Studies Center)

Date 1996-12
Pages 22
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding Seoul National University

Abstract

Characterizing conspicuous consumption as one of the salient social phenomena in rapidly industrializing societies, we investigate the reciprocal relationship between conspicuous consumption and self evaluation of own social status in Korea. Data analyses of a sample of 531 Korean urban households confirm the following arguments: (1) Conspicuous consumption tends to inflate a household's self evaluation of its own social status beyond the social status determined by its other socioeconomic statuses (i.e., education, income, occupation, and wealth). (2) Inflated social status and conspicuous consumption reciprocally reinforce each other. That is, those households which consume conspicuously tend to inflate self evaluations of social status, the maintenance of which in turn requires more conspicuous consumption. Further implications are discussed in detail.