IMPACTS OF CONSUMER EXPENDITURE PATTERNS ON SUBJECTIVE WELL-BEING IN CHINA: EVIDENCE FROM MICROSURVEY DATA

Xurong Qiu, Maoxia Zeng and Mingming Shi
Additional contact information
Xurong Qiu: Business School, Renmin University of China, Rm 1015, Mingde Building, No. 59 Zhongguancun St., Haidian Dist. Beijing, P. R. China
Maoxia Zeng: Business School, Renmin University of China, Rm 1015, Mingde Building, No. 59 Zhongguancun St., Haidian Dist. Beijing, P. R. China
Mingming Shi: Business School, Renmin University of China, Rm 1015, Mingde Building, No. 59 Zhongguancun St., Haidian Dist. Beijing, P. R. China

The Singapore Economic Review (SER), 2024, vol. 69, issue 06, 1885-1906

Abstract: The purpose of this study is to investigate the influence of consumer expenditure patterns, rather than categories, on subjective well-being (SWB) in China. This study adopts microsurvey data from the China Family Panel Studies (CFPS) and performs cluster analysis to form household consumer expenditure patterns for five burdens. The primary finding is that consumer expenditure patterns as well as consumer characteristics can significantly affect Chinese people’s SWB. However, the results from using consumer expenditure categories as explanatory variables are not reliable due to inconsistent results from using the amount and ratio of consumption expenditure. The conclusions regarding the influences of consumer expenditure patterns on Chinese people’s SWB are, nevertheless, robust.

Keywords: Cluster analysis; consumer expenditure patterns; China family panel studies; subjective well-being (search for similar items in EconPapers)
JEL-codes: A13 D12 E21 I31 N35 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590823400027
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:69:y:2024:i:06:n:s0217590823400027

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590823400027

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().