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Impacts Of Consumer Expenditure Patterns On Subjective Well-Being In China: Evidence From Microsurvey Data

Author

Listed:
  • 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)

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.

Suggested Citation

  • Xurong Qiu & Maoxia Zeng & Mingming Shi, 2024. "Impacts Of Consumer Expenditure Patterns On Subjective Well-Being In China: Evidence From Microsurvey Data," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 69(06), pages 1885-1906, September.
    • Handle: RePEc:wsi:serxxx:v:69:y:2024:i:06:n:s0217590823400027
    DOI: 10.1142/S0217590823400027
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    More about this item

    Keywords

    Cluster analysis; consumer expenditure patterns; China family panel studies; subjective well-being;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East

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