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Vol. 2, Issue 8, Part G (2016)
Impact of education on rural family expenditure: A case study of Dhubri district in Assam
Impact of education on rural family expenditure: A case study of Dhubri district in Assam
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Abstract
As a merit good, provision of education results in substantial benefit spillover on the society. Education positively affects the attitude of the human resources, their consumption pattern and preferences, innovativeness, attitude towards family size and an assortment of collective attitudes which have importance from economic point of view. Most social scientists would probably agree with the view that it is the manpower resources of a country, not its material resources that ultimately determine the nature and rapidity of economic and social development of a country.
As a merit good, provision of education results in substantial benefit spillover on the society. Education positively affects the attitude of the human resources, their consumption pattern and preferences, innovativeness, attitude towards family size and an assortment of collective attitudes which have importance from economic point of view. Most social scientists would probably agree with the view that it is the manpower resources of a country, not its material resources that ultimately determine the nature and rapidity of economic and social development of a country.
Income and consumption pattern of the rural households depend on many factors like assets, level of education, occupation and demographic characteristics. The size of the household is a crucial factor in determining the division of income between consumption and saving. As the size of the family increases, the consumption expenditures will rise. Similarly, the findings from several studies of cross-sectional data reveal that the education level does affect expenditure patterns. The paper concludes that there is significant positive relationship between education and rural family expenditure.
Pages: 466-468 | 1093 Views 74 Downloads
How to cite this article:
Dr. Rafique Uddin Ahmed. Impact of education on rural family expenditure: A case study of Dhubri district in Assam. Int J Appl Res 2016;2(8):466-468.
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