%0 Journal Article
%T Antecedents of Conspicuous Consumption, Status Aspiration, and Its Consequences:  An Empirical Study on Migrant Blue-Collar Workers in GCC
%A Mathew Philip
%A Mimy Mathew
%A Gopalakrishnan Soundararajan
%J Open Journal of Business and Management
%P 731-751
%@ 2329-3292
%D 2021
%I Scientific Research Publishing
%R 10.4236/ojbm.2021.92038
%X <span style=\"font-family:Verdana;\">Conspicuous consumption means consumers prefer to buy expensive items to
show their wealth and status to society. This study objective is to develop a
framework that connects conspicuous consumption variables with the aspirations
and consequences and to test the model among the migrant blue-collar workers
located in the GCC countries. Primary data was collected with a structured
questionnaire from 400 blue-collar migrant workers in GCC countries. Eight
hypotheses were formed and tested by using factor analysis and structural
equation model analysis. The study concluded that blue-collar expatriate
workers exhibit a high level of lush luxury behavior to gain family and social
acceptance, which is one of the best ways of expressing themselves</span><span style=\"font-family:Verdana;\">;</span><span style=\"font-family:Verdana;\"> however these are attained
at the cost of financial sustainability of personal wellbeing.</span>
%K Conspicuous Consumption
%K Antecedents
%K Consequences
%K Blue-Collar
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=107903