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Is having a taste of luxury a good idea? How use vs. ownership of luxury products affects satisfaction with life

Liselot Hudders (UGent) and Mario Pandelaere (UGent)
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Abstract
Previous research showing that luxury consumption can be beneficial for one’s well-being equate consumption with ownership. The current paper experimentally investigates if the impact of luxury consumption on one’s Satisfaction With Life differs when this consumption implies ownership versus mere use. While we find that ownership of luxury products is associated with a higher Satisfaction With Life compared to ownership of non-luxury products, the mere use of luxuries decreases an individual’s Satisfaction With Life. This finding is obtained for both a durable (a pen) and a non-durable (a chocolate).
Keywords
Satisfaction with Life, Luxury Consumption, Social Comparison Theory, LOSS AVERSION, HAPPINESS, CONSUMPTION, SELF, MATERIALISM, NEIGHBORS, OTHERS, IMAGES, INCOME

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Please use this url to cite or link to this publication:

Chicago
Hudders, Liselot, and Mario Pandelaere. 2015. “Is Having a Taste of Luxury a Good Idea? How Use Vs. Ownership of Luxury Products Affects Satisfaction with Life.” Applied Research in Quality of Life 10 (2): 253–262.
APA
Hudders, L., & Pandelaere, M. (2015). Is having a taste of luxury a good idea? How use vs. ownership of luxury products affects satisfaction with life. APPLIED RESEARCH IN QUALITY OF LIFE, 10(2), 253–262.
Vancouver
1.
Hudders L, Pandelaere M. Is having a taste of luxury a good idea? How use vs. ownership of luxury products affects satisfaction with life. APPLIED RESEARCH IN QUALITY OF LIFE. Springer; 2015;10(2):253–62.
MLA
Hudders, Liselot, and Mario Pandelaere. “Is Having a Taste of Luxury a Good Idea? How Use Vs. Ownership of Luxury Products Affects Satisfaction with Life.” APPLIED RESEARCH IN QUALITY OF LIFE 10.2 (2015): 253–262. Print.
@article{4302440,
  abstract     = {Previous research showing that luxury consumption can be beneficial for one’s well-being equate consumption with ownership. The current paper experimentally investigates if the impact of luxury consumption on one’s Satisfaction With Life differs when this consumption implies ownership versus mere use. While we find that ownership of luxury products is associated with a higher Satisfaction With Life compared to ownership of non-luxury products, the mere use of luxuries decreases an individual’s Satisfaction With Life. This finding is obtained for both a durable (a pen) and a non-durable (a chocolate).},
  author       = {Hudders, Liselot and Pandelaere, Mario},
  issn         = {1871-2584},
  journal      = {APPLIED RESEARCH IN QUALITY OF LIFE},
  keywords     = {Satisfaction with Life,Luxury Consumption,Social Comparison Theory,LOSS AVERSION,HAPPINESS,CONSUMPTION,SELF,MATERIALISM,NEIGHBORS,OTHERS,IMAGES,INCOME},
  language     = {eng},
  number       = {2},
  pages        = {253--262},
  publisher    = {Springer},
  title        = {Is having a taste of luxury a good idea? How use vs. ownership of luxury products affects satisfaction with life},
  url          = {http://dx.doi.org/10.1007/s11482-014-9310-x},
  volume       = {10},
  year         = {2015},
}

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