Determinants of Wedding Consumption in Indonesia
Marriage unites man and woman in a sacred bond to which economic theories may apply. The economics of marriage includes the analysis of household formation and break up, as well as production and distribution decisions within the household. Marriage usually involves the arrangement of wedding ceremo...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universitas Airlangga, Departemen Ilmu Ekonomi Fakultas Ekonomi dan Bisnis
2021-06-01
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| Series: | JIET (Jurnal Ilmu Ekonomi Terapan) |
| Subjects: | |
| Online Access: | https://e-journal.unair.ac.id/JIET/article/view/26771 |
| _version_ | 1797988419486351360 |
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| author | Anida Amirilia Nisa Rumayya Rumayya |
| author_facet | Anida Amirilia Nisa Rumayya Rumayya |
| author_sort | Anida Amirilia Nisa |
| collection | DOAJ |
| description | Marriage unites man and woman in a sacred bond to which economic theories may apply. The economics of marriage includes the analysis of household formation and break up, as well as production and distribution decisions within the household. Marriage usually involves the arrangement of wedding ceremony. Nonetheless, consumption spending on wedding ceremony may differ for each household, depending on their personal preferences. On that account, this study aims to examine the determinants of wedding consumption in Indonesia, which include household income, age, sex, educational attainment, area of residence, and financial literacy level of the household head. This study uses regression method to analyze expenditure data from the National Socio-Economic Survey (Susenas) in 2016. Our findings show that income, age, sex, education, and financial literacy have a significant effect on wedding consumption. This finding has important implications for governments to support the effort to improve financial literacy, especially among couples who are interested in marriage
Keywords: Wedding Reception and Ceremonies Expenditures, Marriage Economics, Financial Literacy.
JEL: D140, G390, G290 |
| first_indexed | 2024-04-11T08:03:56Z |
| format | Article |
| id | doaj.art-aad27004eefa46b0be02d0ee13a6de2f |
| institution | Directory Open Access Journal |
| issn | 2541-1470 2528-1879 |
| language | English |
| last_indexed | 2024-04-11T08:03:56Z |
| publishDate | 2021-06-01 |
| publisher | Universitas Airlangga, Departemen Ilmu Ekonomi Fakultas Ekonomi dan Bisnis |
| record_format | Article |
| series | JIET (Jurnal Ilmu Ekonomi Terapan) |
| spelling | doaj.art-aad27004eefa46b0be02d0ee13a6de2f2022-12-22T04:35:37ZengUniversitas Airlangga, Departemen Ilmu Ekonomi Fakultas Ekonomi dan BisnisJIET (Jurnal Ilmu Ekonomi Terapan)2541-14702528-18792021-06-0161446510.20473/jiet.v6i1.2677121891Determinants of Wedding Consumption in IndonesiaAnida Amirilia Nisa0Rumayya Rumayya1https://orcid.org/0000-0001-8216-3628Department of Economics, Faculty of Economics and Business, Universitas Airlangga(Scopus ID 57211293351) Department of Economics, Faculty of Economics and Business, Universitas AirlanggaMarriage unites man and woman in a sacred bond to which economic theories may apply. The economics of marriage includes the analysis of household formation and break up, as well as production and distribution decisions within the household. Marriage usually involves the arrangement of wedding ceremony. Nonetheless, consumption spending on wedding ceremony may differ for each household, depending on their personal preferences. On that account, this study aims to examine the determinants of wedding consumption in Indonesia, which include household income, age, sex, educational attainment, area of residence, and financial literacy level of the household head. This study uses regression method to analyze expenditure data from the National Socio-Economic Survey (Susenas) in 2016. Our findings show that income, age, sex, education, and financial literacy have a significant effect on wedding consumption. This finding has important implications for governments to support the effort to improve financial literacy, especially among couples who are interested in marriage Keywords: Wedding Reception and Ceremonies Expenditures, Marriage Economics, Financial Literacy. JEL: D140, G390, G290https://e-journal.unair.ac.id/JIET/article/view/26771wedding reception and ceremonies expendituresmarriage economicsfinancial literacy |
| spellingShingle | Anida Amirilia Nisa Rumayya Rumayya Determinants of Wedding Consumption in Indonesia JIET (Jurnal Ilmu Ekonomi Terapan) wedding reception and ceremonies expenditures marriage economics financial literacy |
| title | Determinants of Wedding Consumption in Indonesia |
| title_full | Determinants of Wedding Consumption in Indonesia |
| title_fullStr | Determinants of Wedding Consumption in Indonesia |
| title_full_unstemmed | Determinants of Wedding Consumption in Indonesia |
| title_short | Determinants of Wedding Consumption in Indonesia |
| title_sort | determinants of wedding consumption in indonesia |
| topic | wedding reception and ceremonies expenditures marriage economics financial literacy |
| url | https://e-journal.unair.ac.id/JIET/article/view/26771 |
| work_keys_str_mv | AT anidaamirilianisa determinantsofweddingconsumptioninindonesia AT rumayyarumayya determinantsofweddingconsumptioninindonesia |