Luxury Fever: Why Money Fails to Satisfy in an Era of Excess

By R. Nesse. 2001

436 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/3890254ea495eda31e60bc3ea417241c9aa895a8

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Citations in the corpus

The material and immaterial in conflict: Spirituality reduces conspicuous consumption (2012, background): “Rather, spending one’s time in pursuit of material goods comes at the cost of spending time with loved ones, which is known to be an enduring source of happiness (Duesenberry, 1949; Frank, 1999; Kahneman, Diener, & Schwarz, 1999).”
Did Inequality Cause the U.S. Financial Crisis (2014, neutral): “As part of this debate, some authors have harshly criticised the view that American households “overspent” (Schor, 1998) and were infected by a sort of “luxury fever” (Frank, 1999).”
Higher social class predicts increased unethical behavior (2012, methodology): “As vehicles are reliable indicators of a person’s social rank and wealth (15), we used observers’ codes of vehicle status (make, age, and appearance) to index drivers’ social class.”
The importance of pay in employee motivation: Discrepancies between what people say and what they do (2004, background): “Thus, we find that people are often motivated to buy houses or yachts that are “just a little bigger” than those of some close comparator (Frank, 1999), or to demand that their salaries always be “just a little bit higher” than the highest current salary among their peers (e.g., Crystal, 1991).”
Wishing to work: New perspectives on how adolescents’ part-time work intensity is linked to educational disengagement, substance use, and other problem behaviours (2003, background): “In a society heavily geared toward luxury goods consumption (e.g., Frank, 1999; Schor, 1992), many high school students seem to get the message that their value is measured, in part, in terms of what they can spend and what they have bought.”
Why Social Policy Needs Subjective Indicators (2002, background): “According to Frank (1999) this is because our material needs are already satiated.”
Conspicuous conservation: The Prius halo and willingness to pay for environmental bona fides (2014, background): “Car ownership decisions are among the most visible consumption decisions households make (e.g., Frank, 2001).”
Envy As Pain: Rethinking the Nature of Envy and Its Implications for Employees and Organizations (2012, background): “These include actions to diminish the relative advantage of an envied target (e.g., Elster, 1998; Smith, 1991; Zizzo & Oswald, 2001) and/or cooperative actions to increase one’s inclusive fitness (e.g., Frank, 1999; Matt, 2003).”
Income and Well-being (2002, background): “The empirical analysis uses the German Socio-Economic Panel (GSOEP)4.”