DOES EMPLOYMENT STATUS DETERMINE HOUSEHOLD CONSUMPTION PATTERN IN INDIA? AN ANALYSIS THROUGH THE DEPENDENCY APPROACH

Аннотация

This study examines the relationship between employment status and household consumption patterns in India using a dependency approach. The analysis focuses on understanding how different employment statuses, such as formal employment, informal employment, and unemployment, influence household consumption behavior. The study utilizes data from a nationally representative survey and employs regression analysis to explore the determinants of household consumption. The results reveal that employment status significantly affects household consumption patterns in India. Formal employment is associated with higher consumption levels, while informal employment and unemployment are associated with lower consumption levels. Additionally, the study finds that household size, education level, and income also play significant roles in shaping consumption patterns. These findings have important implications for policymakers and stakeholders aiming to address income inequality and promote inclusive economic growth in India. KEYWORDS Employment status, household consumption, dependency approach, formal employment, informal employment, unemployment, India, income inequality, inclusive economic growth. Volume 03 Issue 07-2023 1 International Journal Of Management And Economics Fundamental (ISSN – 2771-2257) VOLUME 03 ISSUE 07 PAGES: 01-04 SJIF IMPACT FACTOR (2021: 5. 705) (2022: 5. 705) (2023: 7. 448) OCLC – 1121105677 Publisher: Oscar Publishing Services Servi