Interdependencies in social and economic decision making: a conditional logit model of the joint homeownership-mobility decision
Article Abstract:
Homeownership is one of the most important financial and social decisions consumers face. Typically, this decision is made jointly with decisions such as how much to save and whether to move. Although major consumption decisions most often are studied independently in consumer research, modeling interdependencies can contribute to interpretation of influences on their outcomes. The interdependency between decisions of homeownership and residential mobility is modeled in a conditional logit specification with household status level and cognitive factors as explanatory variables. Results indicate that these constructs have indirect effects on ownership through mobility that are unobserved if the decisions are considered independently. (Reprinted by permission of the publisher.)
Publication Name: Journal of Consumer Research
Subject: Social sciences
ISSN: 0093-5301
Year: 1988
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The Effectiveness of Family Life Cycle Variables in Consumer Expenditure Research
Article Abstract:
The predictive ability of family life cycle variables in consumer expenditure research is studied. The traditional family life cycle variables, revised family life cycle variables, and family composition variables are compared in their ability to predict family clothing expenditures. Results indicate that family life cycles that take into account nontraditional family forms are no more predictable than traditional family life cycles. The family composition model provides only a slight improvement in the predictive ability of traditional family life cycle models. Family life cycle research fails to control for socioeconomic and demographic variables. Family life cycle variables are not effective in predicting clothing expenditures.
Publication Name: Journal of Consumer Research
Subject: Social sciences
ISSN: 0093-5301
Year: 1983
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The Continuing Significance of Social Class to Marketing
Article Abstract:
Even though social class is a difficult concept to grasp, it still provides valuable insights into consumers' consumption choices. The social class concept and practice is reviewed and updated. Classification of the American status structure is updated. Four propositions in the measurement of class are given so that consumer studies can be stratified by social class. Over the past thirty years there has been quite a bit of continuity in class value systems. The social class concept has been underutilized in consumer research.
Publication Name: Journal of Consumer Research
Subject: Social sciences
ISSN: 0093-5301
Year: 1983
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