Educational Status, the Social Demonstration Effect and Inclination to Save: A Cross-Sectional Model of Pakistan  

Oleh:

Akhtar, Syed Toqueer ; Asad, Muhammad Qasim

Jenis: Article from Proceeding
Dalam koleksi: SIBR-Thammasat 2014 Conference on Interdisciplinary Business & Economics Research June 5th- 7th, 2014 di Emerald Hotel Bangkok, page 1-34.
Topik: Consumerism; Savings; Demonstration Effect; Education
Fulltext: b14-115.pdf (608.54KB)

Isi artikel

The paper looks at reasons for cross sectional basis of low savings in Pakistan, in connection with the interplay between the status of education and the social demonstration effect, being caused by the class struggle and the class conflict. It tries to account for the socio economic class structures prevalent in the Pakistani society and its role in determining the current savings level. Through survey research it looks at different factors that affect the saving rates in Pakistan. The survey is done by taking personal interviews of individuals belonging to different classes in Pakistan. The response was measured by measuring responses in four sections namely demographics, consumptions, savings and the effect of social media. These sections basically look at the different spending patterns of the people of Pakistan and how they are affected by numerous factors. Due representation to each socio economic class is given. Keeping in view cross-sectional basis & apprehension of hetroskedasticity the weighted least square has been used for estimates. Among different segments of the income groups it looks at the effects of factors such as income, education, dependents and occupation on savings. The paper finds a statistically significant relation of interplay of education and the social demonstration effect upon savings showing a tendency of low savings with higher levels of education. In Pakistan we have not seen a research that looks at low savings level as a result of interplay of years of education and the social demonstration effect. This paper highlights and provides key insight into the identification crisis the educated class faces.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali