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Will the "nouveau-riche" (new-rich) waste more food? Evidence from China.
- Source :
- China Agricultural Economic Review; 2024, Vol. 16 Issue 1, p1-19, 19p
- Publication Year :
- 2024
-
Abstract
- Purpose: This study aims to test the compensatory consumption theory with the explicit hypothesis that China's new-rich tend to waste relatively more food. Design/methodology/approach: In this study, the authors use Heckman two-step probit model to empirically investigate the new-rich consumption behavior related to food waste. Findings: The results show that new-rich is associated with restaurant leftovers and less likely to take them home, which supports the compensatory consumption hypothesis. Practical implications: Understanding the empirical evidence supporting compensatory consumption theory may improve forecasts, which feed into early warning systems for food insecurity. And it also avoids unreasonable food policies. Originality/value: This research is a first attempt to place food waste in a compensatory-consumption perspective, which sheds light on a new theory for explaining increasing food waste in developing countries. [ABSTRACT FROM AUTHOR]
- Subjects :
- FOOD waste
DIETARY patterns
FOOD security
RESTAURANTS
Subjects
Details
- Language :
- English
- ISSN :
- 1756137X
- Volume :
- 16
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- China Agricultural Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 177844262
- Full Text :
- https://doi.org/10.1108/CAER-07-2022-0139