International Journal of Applied Finance and Business Studies
Vol. 11 No. 2 (2023): September : Applied Finance and Business Studies

The effect of household income and consumption on family welfare with lifestyle as a moderating variable

Ageng Nugroho (Sekolah Tinggi Ilmu Ekonomi Manajemen Bisnis Indonesia, Depok, Indonesia)
Otti Wulandhari (Sekolah Tinggi Ilmu Ekonomi Manajemen Bisnis Indonesia, Depok, Indonesia)



Article Info

Publish Date
28 Aug 2023

Abstract

The agricultural exchange rate (NTP) as an indicator of farmers' income per year tends to increase, this sector also absorbs Indonesian labor, but why poverty as an indicator of welfare lies with farmers. This study aims to determine whether there is an effect of income on welfare, whether household consumption affects welfare, whether lifestyle moderates the relationship between income and welfare. Nor moderate the relationship between consumption and welfare. The study was conducted on 100 samples representing 9,546 households in Majasari District, Pandeglang Regency, Banten. This research uses a quantitative approach with a causal descriptive model. After statistical analysis with SEM-Pls, it was revealed that there is a positive effect of income on welfare. This can be seen from the significant value of 0.036 below 5% (0.05), and the T-Statistics value of 2.092 exceeds the T-table (1.96). In the analysis it was also found that there was a positive effect of consumption on welfare, it was seen that a significant value of 0.002 was below 0.05 and the T-statistic value of 3.107 exceeded the T-table of 1.96. In this study, lifestyle was not found to moderate the relationship between income and welfare, this can be seen from the T-statistic value of 0.274 (above 1.96) and a significance value of 0.784 (above 0.05). In this study, there was no moderating effect of lifestyle on well-being, this was indicated by the T-count value of 0.296 (greater than 1.96), a significance value of 0.767 (greater than 0.05).

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Journal Info

Abbrev

ijafibs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

International Journal of Applied Finance and Business Studies is published with both online and print versions devoted to provide the publication of research finding in finance and business research studies. Objectives The main goal of ijafibs is to present outstanding, high quality research ...