The Impact of Family Size on Savings and Consumption Expenditure of Industrial Workers: A Cross-Sectional Study

T. Kiran, S. Dhawan
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引用次数: 16

Abstract

The present study investigated and analysed the impact of family size on monthly savings and consumption expenditure of the industrial workers. The results showed that with increasing household size, savings not only dwindled in absolute terms but also in relative terms as witnessed by decreasing saving to income ratios. Conversely, the consumption to income ratios witnessed an increasing pattern, which is indicative of income being diverted away from savings with every addition to the family size. The MANOVA post hoc analyses revealed that the mean monthly savings of each of the higher family size group (more than 3 members) were observed to be significantly lower than the smallest family group (3 members), which is symptomatic of low propensity towards saving in context of the workers with higher family size. Though, the mean monthly consumption expenditure of family size of 4, 5 and 6 members was observed to be significantly higher than that of the largest family group (7 members), however its consumption income ratio was observed to be greater than that of all the lower family size groups. This is logically plausible as the workers having the largest family size were observed to have the lowest mean monthly income, thereby implying the presence of large number of economically inactive members in this group, which resulted in diversion of a large part of their income towards their consumption expenses. The results of the ANOVA regression analysis confirmed that family size has a significant positive impact on the consumption expenditure of the industrial workers. Further, the reduction of savings due to increased burden of the additional family member corroborated the proposed negative effect of family size on savings of the workers.
家庭规模对产业工人储蓄和消费支出的影响:一个横断面研究
本研究调查和分析了家庭规模对产业工人每月储蓄和消费支出的影响。结果表明,随着家庭规模的增加,储蓄不仅在绝对意义上减少,而且在相对意义上也减少,这可以从储蓄与收入之比的下降中看出。相反,消费与收入之比呈上升趋势,这表明家庭规模每增加一次,收入就会从储蓄中转移出去。MANOVA事后分析显示,每个较高的家庭规模组(超过3名成员)的平均每月储蓄被观察到显著低于最小的家庭组(3名成员),这是低倾向倾向的症状,在较高的家庭规模的背景下,工人储蓄。虽然4人、5人和6人家庭的月平均消费支出显著高于最大家庭(7人家庭),但其消费收入比大于所有较小家庭。这在逻辑上是合理的,因为观察到家庭规模最大的工人的平均月收入最低,从而意味着这个群体中存在大量不从事经济活动的成员,这导致他们的大部分收入被转移到消费支出上。方差分析的回归分析结果证实,家庭规模对产业工人的消费支出有显著的正向影响。此外,由于增加家庭成员的负担而减少的储蓄证实了所提出的家庭规模对工人储蓄的消极影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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