Back to Search
Start Over
The role of housing wealth, financial wealth, and social welfare in elderly households' consumption behaviors in China
- Source :
- Cities. 96:102437
- Publication Year :
- 2020
- Publisher :
- Elsevier BV, 2020.
-
Abstract
- China is facing great challenges in providing decent living conditions for the elderly. The effects of housing wealth and the social welfare system on elderly households' consumption behaviors have been widely explored, but little is known about the heterogeneous effects of various wealth sources on consumptions of different economic groups of the elderly. Taking into account regional differences, this paper investigated the extent to which housing wealth, financial wealth, and social welfare influence the consumption behaviors of the elderly of various economic status. We employed the linear mixed model estimation and quantile regression by using the China Household Finance Survey data collected from 2011 to 2015. Results showed that a large urban–rural gap exists between the eastern, central, and western regions of China. Housing wealth exerts limited effects on the urban elderly households' consumption behaviors but has significant positive effects on the rural elderly households' consumption. The financial wealth and pension may offset part of the consumption inequality generated from annual household income. An increasing pension contributes more to medical and health care consumption for the poor households. Policymakers need to enhance the social welfare system to take care of the most vulnerable elderly group in the first place.
- Subjects :
- Consumption (economics)
Pension
Sociology and Political Science
Inequality
media_common.quotation_subject
05 social sciences
0211 other engineering and technologies
0507 social and economic geography
021107 urban & regional planning
Social Welfare
social sciences
02 engineering and technology
Development
Quantile regression
Urban Studies
Tourism, Leisure and Hospitality Management
Economics
Household income
Survey data collection
Demographic economics
050703 geography
Socioeconomic status
media_common
Subjects
Details
- ISSN :
- 02642751
- Volume :
- 96
- Database :
- OpenAIRE
- Journal :
- Cities
- Accession number :
- edsair.doi...........6cffb83d83487501e466a939e414f1b4