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The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
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Family responses to resource scarcity.

A R Shaheen Hosany1, Rebecca W Hamilton2

  • 1School of Business and Management, Royal Holloway, University of London, TW20 0EX Surrey, UK.

Journal of the Academy of Marketing Science
|July 6, 2022
PubMed
Summary
This summary is machine-generated.

Families facing resource scarcity adjust consumption and investment based on available resources and support networks. Collective goals and negotiations influence their flexibility in managing limited time, money, or space.

Keywords:
Consumption adjustmentFamily decision-makingLife eventsResource investmentResource scarcityfamily consumption

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Area of Science:

  • Family Studies
  • Sociology
  • Consumer Behavior

Background:

  • Resource scarcity (time, money, space) is common in families.
  • Life events can create a mismatch between needed and available resources, leading to scarcity.

Purpose of the Study:

  • To develop a framework explaining how families respond to resource scarcity.
  • To understand the patterns of adjustment in consumption and resource investment.

Main Methods:

  • Qualitative study using in-depth interviews.
  • Data collected from 30 families across diverse backgrounds.

Main Results:

  • Identified patterns of consumption and resource investment adjustments over time.
  • Family flexibility is influenced by chronic resources and support networks.
  • Collective goals, control, and negotiations shape family responses.

Conclusions:

  • Families employ varied strategies to cope with resource scarcity.
  • Interpersonal dynamics significantly impact resource management within families.