我国城镇居民不同收入阶层消费过度敏感问题研究论文论文.docVIP

Ａｂｓｔｒａｃｔ　 Because Chinas economy is undergoing a transition period, residents face greater uncertainty and liquidity constraints, peoples consumption by a greater impact on current income, which is sensitive to excessive consumption. Excessive consumption in recent years become a sensitive issue of public hot spots scholars, in view of the majority of domestic consumption over sensitive research scholar at the same time consider the uncertainty and liquidity constraints sensitive to the impact of excessive consumption of literature is a very rare, the paper choice of Chinas urban residents consumer behavior as a research object to this. In this paper, Campbell and Mankiw1990 proposed on the basis of the theoretical model joined the uncertainty and liquidity constraints two variables, as a theoretical basis for modeling, econometric model for the establishment of seven income of Chinas urban residents in the consumer class excessive sensitivity of a comparative analysis, and by adding uncertainty and liquidity constraints and variables do not accede to the uncertainty and liquidity constraints estimated results were compared. In this paper, the text used in Chinas 23 provinces and municipalities in 1999 and 2005, seven years panal data to estimate the model, which is representative of the target income of urban residents per capita disposable income, consumption indicator is the representative of urban residents per capita consumption expenditure, Uncertainty representative indicator of Chinas urban residents per capita health care spending, education, cultural and entertainment services and spending growth, liquidity constraints on behalf of the indicators are on one-year deposit interest rates. 2 An Empirical Study of the conclusions of the following four aspects: First, low-income residents of the consumer decision-making more sensitive to current income, the lowest income sectors of the consumer over-sensitivity coefficient 0.5103, and the highest income