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A cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy

Although the standard of living has consistently improved, personal bankruptcy remains an uncommon issue in Malaysia. This paper investigates the relationship between consumption patterns and income of Malaysians by examining income elasticity using the Engel curve. Data were collected from the Hous...

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Main Authors: Said, Rusmawati, Toh, Siaw Mien
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2018
Online Access:http://psasir.upm.edu.my/id/eprint/72899/1/CROSS.pdf
http://psasir.upm.edu.my/id/eprint/72899/
https://www.ukm.my/fep/jem/pdf/2018-52(3)/jeko_52(3)-18.pdf
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spelling my.upm.eprints.728992020-11-27T20:08:56Z http://psasir.upm.edu.my/id/eprint/72899/ A cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy Said, Rusmawati Toh, Siaw Mien Although the standard of living has consistently improved, personal bankruptcy remains an uncommon issue in Malaysia. This paper investigates the relationship between consumption patterns and income of Malaysians by examining income elasticity using the Engel curve. Data were collected from the Household Expenditure Surveys of 2004, 2009, and 2014 and analysed using ordinary least square regression and the Working-Leser model. The results showed that out of 12 expenditure components, three were found to be necessity goods: food and non-alcoholic beverages, clothing and footwear, and housing and utility. It was found that households led by youths spent more on luxury goods compared to those led by heads aged 40 and above. Males, Bumiputeras, and households living in urban areas spent more on luxury goods. Tobacco, alcoholic beverages, hotels, private education, and private healthcare were considered as luxury goods for Malaysian households. This study suggests that the public, especially the younger generation, should be exposed more to the knowledge and awareness of debts, bankruptcy and lifestyles. Penerbit Universiti Kebangsaan Malaysia 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/72899/1/CROSS.pdf Said, Rusmawati and Toh, Siaw Mien (2018) A cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy. Jurnal Ekonomi Malaysia, 52 (3). pp. 231-246. ISSN 0126-1962 https://www.ukm.my/fep/jem/pdf/2018-52(3)/jeko_52(3)-18.pdf 10.17576/JEM-2018-5203-18
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Although the standard of living has consistently improved, personal bankruptcy remains an uncommon issue in Malaysia. This paper investigates the relationship between consumption patterns and income of Malaysians by examining income elasticity using the Engel curve. Data were collected from the Household Expenditure Surveys of 2004, 2009, and 2014 and analysed using ordinary least square regression and the Working-Leser model. The results showed that out of 12 expenditure components, three were found to be necessity goods: food and non-alcoholic beverages, clothing and footwear, and housing and utility. It was found that households led by youths spent more on luxury goods compared to those led by heads aged 40 and above. Males, Bumiputeras, and households living in urban areas spent more on luxury goods. Tobacco, alcoholic beverages, hotels, private education, and private healthcare were considered as luxury goods for Malaysian households. This study suggests that the public, especially the younger generation, should be exposed more to the knowledge and awareness of debts, bankruptcy and lifestyles.
format Article
author Said, Rusmawati
Toh, Siaw Mien
spellingShingle Said, Rusmawati
Toh, Siaw Mien
A cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy
author_facet Said, Rusmawati
Toh, Siaw Mien
author_sort Said, Rusmawati
title A cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy
title_short A cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy
title_full A cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy
title_fullStr A cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy
title_full_unstemmed A cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy
title_sort cross-sectional household analysis of household consumption patterns: an indirect approach to identify the possible factors of personal bankruptcy
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2018
url http://psasir.upm.edu.my/id/eprint/72899/1/CROSS.pdf
http://psasir.upm.edu.my/id/eprint/72899/
https://www.ukm.my/fep/jem/pdf/2018-52(3)/jeko_52(3)-18.pdf
_version_ 1685580233778921472
score 13.223943

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