See it to believe it. Experimental evidence on status good consumption among the youth

Alves, Guillermo - Leites, Martín - Salas, Gonzalo

Resumen:

We ran a field experiment in which 20-year-olds choose between a socially visible and a non-socially visible good after a friend randomly received one of these goods or an unknown good. We find no differences in choices when the friend received the non-socially visible good instead of the unknown one. However, we find differences when the friend received the socially visible good instead of the other two. Consistent with a status-consumption interpretation, the sign of those differences depends on the socioeconomic position of the decision maker compared to her friend. Those in a disadvantaged position consume more and those in an advantaged position consume less of the socially-visible good when their friend received that good instead of the other two. We further find that treatment effects vary by gender in a way that reinforces the status consumption interpretation of our results. Boys experience a worse subjective social position and consume more of the socially visible good after a friend received that good. On the contrary, girls improve their subjective position when a friend received the socially visible good, and this offsets any effect on their consumption decision.


Realizamos un experimento de campo en el que jóvenes de 20 años eligen entre un bien socialmente visible y uno no socialmente visible, después de que un amigo recibió al azar uno de estos bienes o un bien desconocido. No encontramos diferencias en las elecciones cuando el amigo recibió el bien no socialmente visible en lugar del desconocido. Sin embargo, encontramos diferencias cuando el amigo recibió el bien socialmente visible en lugar de los otros dos. De manera consistente con una interpretación basada en el estatus-consumo, el signo de esas diferencias dependerá de la posición socioeconómica del tomador de deci- siones en comparación con su amigo. Cuando el amigo recibe el bien socialmente visible, los tomadores de decisión que están en una posición de desaventajada (aventajada) consumen más (menos) de dicho bien. Además, encontramos que los efectos del tratamiento varían según el género de una manera que refuerza la interpretación de estatus-consumo de nuestros resultados. Los varones experimentan una peor posición social subjetiva y consumen más del bien socialmente visible después de que un amigo recibió ese bien. Por el contrario, las mujeres mejoran su posición subjetiva cuando una amiga recibe el bien socialmente visible, y esto compensa cualquier efecto sobre su decisión de consumo.


Detalles Bibliográficos
2022
Consumo
Desigualdad
Bienes que generan estatus
Experimento de campo
Consumption
Inequality
Status goods
Field experiment
ECONOMIA DEL CONSUMIDOR
INGRESOS
Inglés
Universidad de la República
COLIBRI
https://hdl.handle.net/20.500.12008/34788
Acceso abierto
Licencia Creative Commons Atribución - No Comercial - Sin Derivadas (CC - By-NC-ND 4.0)
Resumen:
Sumario:We ran a field experiment in which 20-year-olds choose between a socially visible and a non-socially visible good after a friend randomly received one of these goods or an unknown good. We find no differences in choices when the friend received the non-socially visible good instead of the unknown one. However, we find differences when the friend received the socially visible good instead of the other two. Consistent with a status-consumption interpretation, the sign of those differences depends on the socioeconomic position of the decision maker compared to her friend. Those in a disadvantaged position consume more and those in an advantaged position consume less of the socially-visible good when their friend received that good instead of the other two. We further find that treatment effects vary by gender in a way that reinforces the status consumption interpretation of our results. Boys experience a worse subjective social position and consume more of the socially visible good after a friend received that good. On the contrary, girls improve their subjective position when a friend received the socially visible good, and this offsets any effect on their consumption decision.