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Abstract
This paper empirically analyzes the impact of social stratification of Chinese residents on leisure consumption. Based on the data from 2016 Chinese Family Panel Studies (CFPS), the regression results of instrumental variables show that the social level of Chinese residents has a significant positive impact on leisure consumption, considering the endogenous possibility of social stratification on leisure consumption. The policy implication of this paper is that when launching policies related to the cultural industry and leisure consumption, responsible departments of Chinese government should fully consider the possibility and complexity of the influence of Social stratification on the effectiveness of policies.
Highlights
With the rapid economic growth and all-round social development in China, the income level of urban and rural residents in China has continued to improve, and residents pay more and more attention to the improvement and enhancement of their well-being
Based on the data from 2016 Chinese Family Panel Studies (CFPS), the regression results of instrumental variables show that the social level of Chinese residents has a significant positive impact on leisure consumption, considering the endogenous possibility of social stratification on leisure consumption
2) Endogeneity According to the previous discussion, the social class of residents may be endogenous in their leisure consumption
Summary
With the rapid economic growth and all-round social development in China, the income level of urban and rural residents in China has continued to improve, and residents pay more and more attention to the improvement and enhancement of their well-being. The statistical results of 2016 samples showed that the logarithmic mean of leisure consumption was 8.2; half of the participants were male; the average age of residents was about 45; 76% of the residents were married; the average education period was 6 years; 67% of the residents were in good health conditions; 49% of the residents were registered as urban citizens; the average number of family members was 5; 2% of the residents have administrative or management positions; 65% of the residents were employed; 44% of the residents had access to Internet; the income, assets and liabilities of different families had huge gaps; the overall level of hospitality of residents was above the average
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