INTERNATIONAL JOURNAL OF SOCIAL HUMANITIES SCIENCES RESEARCH (JSHSR)

Abstract


AN ECONOMETRIC STUDY ON THE RELATION OF INCOME AND CONSUMPTION OF IĞDIR UNIVERSITY STUDENTS

The aim of this study is to examine the income-consumption relationship of university students in the context of the Engel Law. In this direction, a questionnaire was applied to 384 students using face-to-face interviews and the data obtained were tested with 9 functional models. Income elasticity values for expenditure items are calculated with the help of determined Engel functions. As a result, it has been observed that accommodation, food, transportation, personal care, education, communication-internet and other expenditure groups are compulsory goods, while clothing-footwear, cigarette-alcohol and socio-cultural expenditure groups are luxury goods.



Keywords
Engel Law, Consumption Expenditures, Income Elasticity, University Students.



References