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Relative Consumption and Life Satisfaction in Turkey

Journal: Efil Ekonomi Araştırmaları Dergisi (Vol.3, No. 12)

Publication Date:

Authors : ;

Page : 14-28

Keywords : Consumption; Life Satisfaction; Turkey; Consumer behavior; experienced utility; relative consumption; social comparison;

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This paper examines the factual relationship between relative consumption and life-satisfaction. We add to the emerging literature on this matter with a survey study among the general public in Turkey. An unique survey was designed by the authors of this paper and applied in 12 regions in Turkey with a total of 3008 respondents. For the degree of relative consumption, we found mixed correlations with life-satisfaction; no correlation with consumption compared to family and neighbors and a negative correlation with higher consumption seen among colleagues.

Last modified: 2021-09-24 23:15:27