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Household consumption: Influences of aspiration level, social comparison, and money management

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  • Karlsson, Niklas
  • Dellgran, Peter
  • Klingander, Birgitta
  • Garling, Tommy

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  • Karlsson, Niklas & Dellgran, Peter & Klingander, Birgitta & Garling, Tommy, 2004. "Household consumption: Influences of aspiration level, social comparison, and money management," Journal of Economic Psychology, Elsevier, vol. 25(6), pages 753-769, December.
    • Handle: RePEc:eee:joepsy:v:25:y:2004:i:6:p:753-769
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    References listed on IDEAS

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    1. Lunt, Peter K. & Livingstone, Sonia M., 1991. "Psychological, social and economic determinants of saving: comparing recurrent and total savings," Journal of Economic Psychology, Elsevier, vol. 12(4), pages 621-641, December.
    2. Kirchler, Erich, 1995. "Studying economic decisions within private households: A critical review and design for a "couple experiences diary"," Journal of Economic Psychology, Elsevier, vol. 16(3), pages 393-419, September.
    3. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    4. Lea, Stephen E. G. & Webley, Paul & Walker, Catherine M., 1995. "Psychological factors in consumer debt: Money management, economic socialization, and credit use," Journal of Economic Psychology, Elsevier, vol. 16(4), pages 681-701, December.
    5. John W. Payne & Dan J. Laughhunn & Roy Crum, 1980. "Translation of Gambles and Aspiration Level Effects in Risky Choice Behavior," Management Science, INFORMS, vol. 26(10), pages 1039-1060, October.
    6. Fishburn, Peter C, 1977. "Mean-Risk Analysis with Risk Associated with Below-Target Returns," American Economic Review, American Economic Association, vol. 67(2), pages 116-126, March.
    7. Shefrin, Hersh M & Thaler, Richard H, 1988. "The Behavioral Life-Cycle Hypothesis," Economic Inquiry, Western Economic Association International, vol. 26(4), pages 609-643, October.
    8. Wang, X. T., 1996. "Framing Effects: Dynamics and Task Domains," Organizational Behavior and Human Decision Processes, Elsevier, vol. 68(2), pages 145-157, November.
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    Citations

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    Cited by:

    1. Luca Zanin, 2017. "The effects of various motives to save money on the propensity of Italian households to allocate an unexpected inheritance towards consumption," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(4), pages 1755-1775, July.
    2. Luuk Kempen, 2009. "The ‘Downside’ of Women Empowerment in India: An Experimental Inquiry into the Role of Expectations," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 94(3), pages 465-482, December.
    3. Beccali, M. & Cellura, M. & Lo Brano, V. & Marvuglia, A., 2008. "Short-term prediction of household electricity consumption: Assessing weather sensitivity in a Mediterranean area," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(8), pages 2040-2065, October.
    4. Gärling, Tommy & Gamble, Amelie & Christandl, Fabian, 2013. "Income increases do not compensate for perceived inflation—A price-consumption anomaly," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 47(C), pages 11-15.
    5. Cristina Ottaviani & Daniela Vandone, 2018. "Financial Literacy, Debt Burden and Impulsivity: A Mediation Analysis," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 47(2-3), pages 439-454, July.
    6. Solnick, Sara J. & Hemenway, David, 2009. "Do spending comparisons affect spending and satisfaction?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(4), pages 568-573, August.
    7. Clinton Gudmunson & Sharon Danes, 2011. "Family Financial Socialization: Theory and Critical Review," Journal of Family and Economic Issues, Springer, vol. 32(4), pages 644-667, December.
    8. Cristina OTTAVIANI & Daniela VANDONE, 2016. "Is Impulsivity a Mediator of the Relationship between Financial Literacy and Debt Decisions?," Departmental Working Papers 2016-06, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    9. Eri Nakamura & Fumitoshi Mizutani, 2019. "Necessary demand and extra demand of public utility product: identification using the stochastic frontier model," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 46(1), pages 45-64, March.
    10. Claborn, Kelly A. & Brooks, Jeremy S., 2019. "Can We Consume Less and Gain More? Environmental Efficiency of Well-being at the Individual Level," Ecological Economics, Elsevier, vol. 156(C), pages 110-120.
    11. Cristina OTTAVIANI & Daniela VANDONE, 2010. "Impulsivity and household indebtedness," Departmental Working Papers 2010-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    12. Jun-Kun Lin & Hung-Lung Lin & William Yu Chung Wang & Ching-Hui Chang & Chin-Tsai Lin, 2020. "An Evaluation Model for Property-Purchasing Plans Based on a Hybrid Multi-Criteria Decision-Making Model," Mathematics, MDPI, vol. 8(6), pages 1-18, May.
    13. Hafizah Hammad Ahmad Khan & Hussin Abdullah & Shamzaeffa Samsudin, 2016. "The Linkages between Household Consumption and Household Debt Composition in Malaysia," International Journal of Economics and Financial Issues, Econjournals, vol. 6(4), pages 1354-1359.
    14. Luca Zanin, 2016. "On Italian Households’ Economic Inadequacy Using Quali-Quantitative Measures," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 128(1), pages 59-88, August.
    15. Sharma, Eesha & Mazar, Nina & Alter, Adam L. & Ariely, Dan, 2014. "Financial deprivation selectively shifts moral standards and compromises moral decisions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 123(2), pages 90-100.
    16. Buunk, Abraham P. & Gibbons, Frederick X., 2007. "Social comparison: The end of a theory and the emergence of a field," Organizational Behavior and Human Decision Processes, Elsevier, vol. 102(1), pages 3-21, January.
    17. Marco Bertoni & Luca Corazzini, 2018. "Asymmetric affective forecasting errors and their correlation with subjective well-being," PLOS ONE, Public Library of Science, vol. 13(3), pages 1-22, March.
    18. Ottaviani, Cristina & Vandone, Daniela, 2011. "Impulsivity and household indebtedness: Evidence from real life," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 754-761.

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