Squandering Remittances Income in Conspicuous Consumption?

Jakhongir Kakhkharov; Muzaffarjon Ahunov

doi:10.1007/978-981-15-0317-7_12

Squandering Remittances Income in Conspicuous Consumption?

Jakhongir Kakhkharov, Muzaffarjon Ahunov

College of Business, Government and Law

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

We investigate the impact of remittances from labour migrants on household expenditures in Uzbekistan by comparing mean expenditures and using unique, nationally representative survey data. The results provide evidence that remittance-receiving households spend more on wedding ceremonies, gifts, and non-food expenditures. Most of these expenditures have the purpose of increasing the households’ social status, so they could be classified as manifestations of conspicuous consumption in order to display wealth and income, rather than to cover the consumer’s investment needs.

Original language	English
Title of host publication	30 Years since the Fall of the Berlin Wall
Subtitle of host publication	Turns and Twists in Economies, Politics, and Societies in the Post-Communist Countries
Editors	Alexandr Akimov, Gennadi Kazakevitch
Publisher	Palgrave Macmillan
Chapter	12
Pages	271-288
Number of pages	18
ISBN (Electronic)	978-981-15-0317-7
ISBN (Print)	978-981-15-0316-0
DOIs	https://doi.org/10.1007/978-981-15-0317-7_12
Publication status	Published - 2020

Publication series

Name	Palgrave Studies in Economic History
Publisher	Palgrave Macmillan
ISSN (Print)	2662-6497
ISSN (Electronic)	2662-6500

Keywords

remittances
labour migrants
social status
wealth
income
investment

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-981-15-0317-7_12Licence: In Copyright

Cite this

Kakhkharov, J., & Ahunov, M. (2020). Squandering Remittances Income in Conspicuous Consumption? In A. Akimov, & G. Kazakevitch (Eds.), 30 Years since the Fall of the Berlin Wall: Turns and Twists in Economies, Politics, and Societies in the Post-Communist Countries (pp. 271-288). (Palgrave Studies in Economic History ). Palgrave Macmillan. https://doi.org/10.1007/978-981-15-0317-7_12

@inbook{652d08fed6d349e4b25d7d713730fe9e,

title = "Squandering Remittances Income in Conspicuous Consumption?",

abstract = "We investigate the impact of remittances from labour migrants on household expenditures in Uzbekistan by comparing mean expenditures and using unique, nationally representative survey data. The results provide evidence that remittance-receiving households spend more on wedding ceremonies, gifts, and non-food expenditures. Most of these expenditures have the purpose of increasing the households{\textquoteright} social status, so they could be classified as manifestations of conspicuous consumption in order to display wealth and income, rather than to cover the consumer{\textquoteright}s investment needs.",

keywords = "remittances, labour migrants, social status, wealth, income, investment",

author = "Jakhongir Kakhkharov and Muzaffarjon Ahunov",

year = "2020",

doi = "10.1007/978-981-15-0317-7_12",

language = "English",

isbn = "978-981-15-0316-0",

series = "Palgrave Studies in Economic History ",

publisher = "Palgrave Macmillan",

pages = "271--288",

editor = "Alexandr Akimov and Gennadi Kazakevitch",

booktitle = "30 Years since the Fall of the Berlin Wall",

address = "United Kingdom",

}

Kakhkharov, J & Ahunov, M 2020, Squandering Remittances Income in Conspicuous Consumption? in A Akimov & G Kazakevitch (eds), 30 Years since the Fall of the Berlin Wall: Turns and Twists in Economies, Politics, and Societies in the Post-Communist Countries. Palgrave Studies in Economic History , Palgrave Macmillan, pp. 271-288. https://doi.org/10.1007/978-981-15-0317-7_12

Squandering Remittances Income in Conspicuous Consumption? / Kakhkharov, Jakhongir; Ahunov, Muzaffarjon.
30 Years since the Fall of the Berlin Wall: Turns and Twists in Economies, Politics, and Societies in the Post-Communist Countries. ed. / Alexandr Akimov; Gennadi Kazakevitch. Palgrave Macmillan, 2020. p. 271-288 (Palgrave Studies in Economic History ).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review