论文部分内容阅读
利用中国家庭追踪调查(CFPS)2012年和2014年的面板数据,考察了住房资产、金融资产和生产经营性资产对城镇居民消费行为的影响。结果显示:总体上住房资产对总消费没有财富效应;生产经营性资产对总消费的影响大于金融资产;对拥有自有住房的家庭,住房资产对总消费有财富效应,其影响略大于金融资产;住房资产增长促进了基本生活需求型消费;金融资产对两类消费的财富效应均主要受风险性金融资产影响;高收入家庭、多套房家庭、中老年家庭表现出较大的住房资产财富效应;拥有一套大产权自有住房的青年家庭具有较大的金融资产财富效应;生产经营性资产显著提高了收入水平较高、拥有多套自有住房的家庭和小产权自有住房家庭的总消费。
Using the panel data of China Household Follow-up Survey (CFPS) in 2012 and 2014, the paper examines the impact of housing assets, financial assets and production and operating assets on the urban residents’ consumption behavior. The results show that: on the whole, housing assets have no wealth effect on total consumption; productive and operational assets have greater impact on total consumption than financial assets; and for households owning houses, housing assets have a wealth effect on total consumption with a slightly larger impact on financial assets ; The growth of housing assets promoted the consumption of basic necessities of life; the wealth effect of financial assets on the two types of consumption was mainly affected by the risk of financial assets; high-income families, multi-suite family, middle-aged and elderly families showed greater wealth effect of housing assets ; The young households owning a set of proprietary houses have greater wealth effect of financial assets; the productive and operational assets have significantly raised the total income of the families with more self-owned houses and the total number of self-owned houses with small property consumption.