As well as, we formally suggest the channel of knowledge hole which will be used by migrants to extend their seen consumption. This opens a possible debate and lays platform for further research to empirically study the relevance of knowledge hole for raising conspicuous consumption. The remainder of the paper is organized as follows. Section three explains the info. The following part offers the background on migration from Kerala and its distinctiveness. Empirical strategy. The outcomes of the empirical analyses are presented in Part 4. The last section gives some concluding remarks.
But, our proposed third channel needs to be subjected to empirical and robust testing, which forms an agenda for further research. Signaling of social standing within the community by means of expenditure on visible goods or conspicuous consumption is documented to be a common approach by which individuals outline themselves in society. Potential adjustments in the consumption desire and elevated information gaps of their permanent residential localities can have differential implications on migrantsâ seen items consumption patterns. While existing literature has indicated how status-seeking habits varies across individuals and households from totally different races, social teams, areas, and earnings groups, focus on the implications of migration has obtained relatively less attention. In this context, using micro-degree consultant knowledge from the Indian state of Kerala, this paper examines the effect of transnational migration on social signaling through expenditure on seen durable goods, conspicuous consumption.
However, among the many Hindus, we get a optimistic effect for households belonging to lower caste social group that include Other Backward Courses and the socially deprived Scheduled Castes. Because the same households haven’t been tracked by these rounds of primary knowledge collection, we’re unable to study the migration impacts on conspicuous consumption using longitudinal family knowledge. Whereas, there isn’t any significant migration impact among the many higher castes. Notably, a similar survey across the state of Kerala was conducted in 2016 and 2013. The survey was carried out by the same group masking round 15000 households. Related information on family socioeconomic traits along with information on migration was gathered, which makes it attainable to match the findings from both these surveys.
Regardless of such indicative proof in favor of this proposed information hole channel, this warrants more formal and rigorous empirical testing to grasp the relative significance of each channel, which is posed as a future analysis query for exploration. Firstly it provides to the literature on the economics of conspicuous consumption. Secondly, it contributes to the literature on transnational migration and remittances and their results on completely different dimensions of consumption. In this context, we contribute to a potential relationship between the information gap because of transnational migration and social standing signaling, hence visible consumption. The paper contributes to 2 strands of literature.