Income Elasticities of Demand for major consumption items
نویسنده
چکیده
Kashmir University teachers belong to upper sedentary and rich class is not a fact as the consumption behavior shown by them is similar to middle class society. The sample under examination differ in size of the family, age, designation, property ownership and other characteristics; in general we expect the household with above given different characteristics to have different expenditure plans but the analysis shows same expenditure by every income bracket which confirms Duessenbary‟s relative income hypothesis. While analyzing the income pattern of Kashmir university teachers we find that all observations do not lie on the straight line because in addition to the income other variables also affect consumption pattern. Direct taxes have more immediate effect on Consumption and Kashmir university teachers being healthy payer of taxes thereby their consumption pattern also shows a different behavior.
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