THE “CONSPICUOUS CONSUMPTION” TRAP: AN ANALYSIS OF THE ECONOMIC DISPROPORTION BETWEEN WEDDING EXPENSES AND INCOME IN UZBEKISTAN

Authors

  • Uzganbayeva Dilnoza Toxtasinovna Ferghana State University, teacher at the Department of Economics Saminjonov Samandar Polatjon ogli student of the Faculty of Economics
  • Uzganbayeva Dilnoza Toxtasinovna Ferghana State University, teacher at the Department of Economics Saminjonov Samandar Polatjon ogli student of the Faculty of Economics
  • Uzganbayeva Dilnoza Toxtasinovna Ferghana State University, teacher at the Department of Economics Saminjonov Samandar Polatjon ogli student of the Faculty of Economics

DOI:

https://doi.org/10.5281/zenodo.19950199

Keywords:

Conspicuous consumption, wedding economics, Relative Income Hypothesis, household budget, investment, dead capital, social pressure.

Abstract

This article examines the imbalance between the income levels of the population of Uzbekistan and expenditures on wedding ceremonies. Drawing upon Thorstein Veblen’s theory of “Conspicuous Consumption” and James Duesenberry’s “Relative Income Hypothesis,” the study explores the underlying causes of irrational economic behavior within Uzbek society. Furthermore, it provides a comparative analysis of wedding costs between Uzbekistan and European nations, specifically focusing on Germany. The article concludes by formulating evidence-based proposals and solutions for redirecting these funds from “dead capital”` toward productive economic assets, such as education, business development, and strategic investments.

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References

1.Veblen, T. (1899). The Theory of the Leisure Class. New York: Macmillan.

2.Duesenberry, J. S. (1949). Income, Saving, and the Theory of Consumer Behavior. Cambridge, MA: Harvard University Press.

3.Resolution of the President of the Republic of Uzbekistan (2019). "On further improving the system of regulating the holding of weddings, family celebrations, ceremonies, and rituals," dated September 14, 2019. Official Source: lex.uz

4.Statistics Agency under the President of the Republic of Uzbekistan (2023-2024). Statistical reports on household income and expenditures. Official Website: stat.uz

5.Thaler, R. H. (2015). Misbehaving: The Making of Behavioral Economics. New York: W. W. Norton & Company.

6.World Bank Open Data. GDP per capita and Household final consumption expenditure. Data Portal: data.worldbank.org

7.De Soto, H. (2000). The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. New York: Basic Books.

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Published

2026-04-30

Issue

Vol. 5 No. 4 (2026): Journal of Multidisciplinary Sciences and Innovations

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

How to Cite

THE “CONSPICUOUS CONSUMPTION” TRAP: AN ANALYSIS OF THE ECONOMIC DISPROPORTION BETWEEN WEDDING EXPENSES AND INCOME IN UZBEKISTAN. (2026). Journal of Multidisciplinary Sciences and Innovations, 5(4), 1027-1031. https://doi.org/10.5281/zenodo.19950199

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