An Analysis of the Outcome of Socio Economic Factors on Mobility and Changes in Consumption Pattern in Northern Punjab, Pakistan

Authors

  • Samra Khalid Assistant Professor, Higher Education Department, Government of the Punjab Lahore. Pakistan
  • Nabila Asghar Associate Professor, Department of Economics and Business Administration, Division of Management and Administrative Science, University of Education Lahore. Pakistan
  • Hafeez Ur Rehman Professor/Chairman, Department of Economics and Statistics, (HSM) University of Management and Technology Lahore. Pakistan

DOI:

https://doi.org/10.47067/reads.v7i3.379

Keywords:

Socio-Economic Mobility, Intra-Temporal Mobility, Cultural Consumption, Socio-Economic Factors, Positional Goods

Abstract

The relationship between mobility and consumption pattern has been neglected in the past particularly in developing countries. Socio-economic mobility is the movement of individuals, social groups, or categories of people in the layers or strata between two different periods. For effective policy making, it is important to gauge the mobility pattern which portrays the socio-economic changes of society over the period as opposed to at one point in time. This brings up the need to examine the way in which elements of socio-economic mobility impacts the consumption in the emerging class of the society. Socio-economic factors and their influence on intra-temporal household mobility reveal the education as an important mediating factor in Northern Punjab. Whereas, opportunity of education and occupation work together to bridge the gap between an increase in household income and socio-economic status. This study concludes that education and occupation based mobility of households divert their consumption pattern toward more cultural goods. The emerging class seems to be attracted more towards conspicuous consumption including private schools, health care, shopping and the consumer goods to enhance their living standards.

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Published

2021-09-12

How to Cite

Khalid, S. ., Asghar, N. ., & Rehman, H. U. . . (2021). An Analysis of the Outcome of Socio Economic Factors on Mobility and Changes in Consumption Pattern in Northern Punjab, Pakistan. Review of Economics and Development Studies, 7(3), 371-382. https://doi.org/10.47067/reads.v7i3.379