The Influence of Basic Endowment Insurance on Urban Family Consumption

Mengqing Wu

《Frontiers in Economics and Management》 3卷3期 (2022/03) Pp. 485-491

https://doi.org/10.6981/FEM.202203_3(3).0057

摘要

We use the 2015-2017 China Household Finance Survey (CHFS) data to empirically analyze the impact of urban residents' basic endowment insurance on urban household consumption. The results of the measurement model show that, other things being equal, the total annual consumption expenditure of insured households is about 8.7% higher than that of non-insured households. Judging from the estimated results of each item of expenditure, the increase in consumption of insured households is mainly due to the increase in daily consumption expenditure, followed by education consumption. It can be seen from this that families tend to meet basic needs first, followed by spiritual and cultural needs.

關鍵字

Basic Endowment Insurance for Urban Residents ； Household Consumption ； Double Difference Model

參考文獻

The data comes from the website of the National Bureau of Statistics. http://www.stats.gov.cn/.

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