Compensation of government teachers and their consumption pattern: A study with special reference to knowledge economy in Sainthamaruthu divisional secretariat area

Abstract

Income is crucial factor in determining consumption of people. Teaching profession is one of the knowledge based professions and through this teachers receive particular amount of money as wage. It plays major role on their consumption. The main objective of this study is to identify the consumption pattern of government teachers with their limited monthly compensation and specific objective of this study is to assess the consumption pattern and their relationship to socio-economic well-being. Qualitative data analysis has been used in this study. Stratified Simple Random sampling technique has been used to select sample. Data were collected with the use of structured questionnaire, observation and interview. Secondary data were also collected from divisional secretariat office in Sainthamaruthu.This study was used descriptive analysis to achieve objectives of this study. Through data analysis, the results show that teachers’ demand highly on food consumption, education, cloth, transport, medical expenditure and least on entertainment needs. Further, their consumption pattern varies according to their role in the family. Teachers are being in a moderate socio-economic well-being at the same time monthly compensation is still not good enough for education needs, saving and other needs. Hence, this study concludes that teachers spend a larger share of their limited monthly compensation on food, than on education and medical needs and smaller on other needs.