Empirical Analysis of the Impact of Heterogeneous Aging Families on Consumption based on CFPS Data
DOI:
https://doi.org/10.54691/bcpbm.v15i.285Keywords:
Aging Families with Higher Education; Aging Families Without Higher Education; Consumption Level; Consumption Structure.Abstract
Aging families are divided into with higher education and without higher education, and their influence on consumption is also different due to differences in their respective income characteristics. Relevant data based on CFPS 2014, 2016, and 2018 were empirical analyzed, and the results show that: (1) Aging families and consumption levels are negatively correlated, while the negative impact of aging families with higher education is even smaller. (2) Aging families have a negative correlation with subsistence, enjoyment, and developmental consumption, and their negative impact on subsistence consumption is the smallest, followed by developmental consumption, and enjoyment consumption is the largest. The aging families with higher education have less negative influence on various types of consumption than the other one. (3) In terms of regional differences, compared with the central and western regions, aging families in the eastern region, especially those with higher education in the eastern region, have a smaller negative impact on consumption levels. Among them, the most inhibitory effect on subsistence consumption is aging families without higher education in the central and western regions, the most inhibitory effect on enjoyment consumption is the aging families without higher education in the eastern region, and the most inhibitory effect on developmental consumption is the aging families without higher education in the central and western regions.
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