Lipstick, the Recession and Evolutionary Psychology
Which brings us to lipstick and designer jeans, high-heeled boots and perfume. Would recession cues increase womens desire to buy these products?
Four separate experiments, along with real-world data, all say yes. Our findings consistently supported the lipstick effect, as college-age women, when primed with news of economic instability, reported an increased desire to buy attractiveness-enhancing goods, along with a decreased desire to purchase goods that do not enhance ones physical appearance. Our experiments also found that this increased desire for beauty products, clothing and accessories was fully mediated by a heightened preference for mates with resources.
While many journalists who have written about the lipstick effect have theorized that it represents womens therapeutic spending on cheap indulgences, we found that the lipstick effect applies specifically to products that enhance beauty, even when those products are more expensive. Recession cues increased womens desire to buy high-end cosmetics and designer clothing, but not to buy budget-line beauty products, which were rated less effective at improving ones appearance.
Furthermore, we discovered that the lipstick effect and a womans desire to attract a mate with resources are unrelated to her independent resource access. Women of both higher and lower socioeconomic status expressed an increased desire to buy luxury beauty products when primed with recession cues. This suggests that an uncertain economic climate leads women to heighten mate attraction effort irrespective of their own resource need.
http://blogs.scientificamerican.com/guest-blog/2012/06/27/lipstick-the-recession-and-evolutionary-psychology