SOCIOECONOMIC-STATUS, DELAY OF GRATIFICATION, AND IMPULSE BUYING

Authors
Citation
M. Wood, SOCIOECONOMIC-STATUS, DELAY OF GRATIFICATION, AND IMPULSE BUYING, Journal of economic psychology, 19(3), 1998, pp. 295-320
Citations number
92
Categorie Soggetti
Economics,Psychology
ISSN journal
01674870
Volume
19
Issue
3
Year of publication
1998
Pages
295 - 320
Database
ISI
SICI code
0167-4870(1998)19:3<295:SDOGAI>2.0.ZU;2-E
Abstract
Contemporary high levels of consumer debt and bankruptcy suggest recon sideration of hypothesized middle-class delay of gratification. Theori es of self-identity in post-industrial society propose that norms supp orting impulse control and delay of gratification have weakened in fav or of present-oriented expression of impulse. Previous research on soc io-economic status, delay of gratification, unplanned and ''impulse'' buying is reviewed, and a conceptual model differentiating akratic imp ulse buying from compulsive impulse buying is proposed. Survey data fr om a US national sample of adults with a self-reported measure of impu lse buying are analyzed and a legit model fit to the data. The results do not fit the middle-class delay of gratification model: Higher leve ls of impulse buying were found to be associated with ''some'' college (or other post high school) educational experience, controlling for a ge and gender: family income was not found to be related to impulse bu ying. (C) 1998 Elsevier Science B.V. All rights reserved.