Lifestyles through Expenditures: A Case-Based Approach to Saving.

Journal Article

Treating people as cases that are proximate in a behavior space-representing lifestyles-rather than as markers of single variables has a long history in sociology. Yet, because it is difficult to find analytically tractable ways to implement this idea, this approach is rarely used. We take seriously the idea that people are whole packages, and we use household spending to identify groups who occupy similar positions in social space. Using detailed data on household consumption, we identify eight positions that are clearly similar in lifestyle. We then study how the lifestyles we identify are associated with saving, an important measure of household well-being. We find that households cluster into distinct lifestyles based on similarities and differences in consumption. These lifestyles are meaningfully related in social space and save in distinct ways that have important implications for understanding inequality and stratification.

Full Text

Duke Authors

Cited Authors

  • Keister, LA; Benton, R; Moody, J

Published Date

  • January 2016

Published In

Volume / Issue

  • 3 /

Start / End Page

  • 650 - 684

PubMed ID

  • 27904877

Electronic International Standard Serial Number (EISSN)

  • 2330-6696

International Standard Serial Number (ISSN)

  • 2330-6696

Language

  • eng