ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Inter and Intra Occupational Differences in Income and Level of Living

Income and Level of Living Manabendu Chattopadhyay Robin Mukherjee Ashok Rudra There is an extremely weak correlation between level of income and standard of living for central government employees. Expenditures on different items in some cases do not rise at all with rise in income. In other cases it does rise but at a much lower rate than income. This insensitivity suggests a social homogeneity giving rise to common values, aspirations and life styles. The hypothesis suggested is that there is possibly some point in the income range above which people belonging to the middle class reveal extremely similar consumption patterns.

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