Mapping ownership of luxury goods and household assets in cities in Jawa Tengah using logistic regression
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Abstract
Ownership of luxury goods and household assets is a crucial issue in the Indonesian economy, particularly in Jawa Tengah, as it reflects complex socio-economic dynamics. This study aims to map the distribution of luxury goods and household assets across regencies and cities in Jawa Tengah and analyze the factors influencing their ownership using logistic regression. Socio-economic disparities in asset ownership are driven by factors such as education, income, and access to information, which contribute to broader social inequality and regional economic development.Using data from the Jawa Tengah Statistics Agency, this study examines variations in asset ownership, including motorcycles, refrigerators, and land, across different regions. Findings indicate that regions with higher motor vehicle ownership tend to exhibit stronger economic welfare compared to those with lower asset ownership. Beyond economic factors, psychological and social aspects, including social status and religious influences, also shape decisions regarding luxury goods acquisition.This research contributes to the literature by addressing the underexplored local context of asset ownership in Indonesia. The findings provide insights for policymakers in designing more inclusive and responsive socio-economic policies, aiming to reduce disparities and promote equitable regional development.
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