家庭资产、人力资本与城镇居民消费行为

发布时间：2018-10-30 07:21

【摘要】：利用中国家庭追踪调查的微观数据(CFPS),将居民的家庭资产和人力资本进行详细划分并整合到同一分析框架,分别检验各项家庭资产和附着于家庭成员身上的人力资本对城镇居民消费行为的影响。按照家庭拥有的房产数量将城镇居民家庭分为一套住房家庭和多套住房家庭两类,实证结果表明现住房产对家庭消费没有显著影响,而非现住房产对家庭消费则具有显著的促进作用,表现出明显的财富效应。金融资产对居民消费水平也都有显著的促进作用。虽然生产性固定资产在城镇家庭中的占有率较低,但是其对于家庭消费的财富效应却是非常明显的。人力资本对家庭消费水平具有显著的正向影响,受教育水平较高的家庭倾向于消费更多,且健康资本相对于教育资本对消费的影响更加稳定。另外,家中有未婚子女能够显著提高家庭的消费水平,这部分消费主要来自于家庭收入而不是住房资产的财富效应。
[Abstract]:The household assets and human capital of the residents are divided and integrated into the same analytical framework by using the microcosmic data of Chinese household tracking survey (CFPS),). The effects of household assets and human capital attached to family members on the consumption behavior of urban residents were tested. According to the number of houses owned by families, urban households are divided into one housing family and multiple housing families. The empirical results show that there is no significant impact on household consumption. The non-existing real estate plays a significant role in promoting household consumption, showing a significant wealth effect. Financial assets also play a significant role in promoting the consumption level of residents. Although productive fixed assets have a low share in urban households, the wealth effect of productive fixed assets on household consumption is very obvious. Human capital has a significant positive impact on household consumption. Families with higher education tend to consume more and health capital is more stable than educational capital. In addition, there are unmarried children in the family can significantly improve the level of household consumption, this part of the consumption mainly comes from the household income rather than the wealth effect of housing assets.
【作者单位】：山东大学经济学院;
【基金】：教育部哲学社会科学研究重大课题攻关项目“建立扩大消费需求的长效机制研究”(11JZD0016) 国家社科基金重点项目“构建扩大消费长效机制研究”(12AJY006)
【分类号】：F126.1;F249.2

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