How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence

He, Lei; Zhou, Shuyi; Liu, Zilan

doi:10.1007/s12232-020-00352-y

Cited by 3 publications

(3 citation statements)

References 30 publications

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“…Nevertheless, certain scholars have raised doubts regarding the efficacy of mobile payment. As observed by He et al [38], the advancement of digital finance primarily spurs urban residents' consumption, manifested in fundamental expenditures like food and clothing. Its impact on rural residents' consumption, on the other hand, remains limited and inconsequential.…”

Section: Literature Reviewmentioning

confidence: 96%

A Study of the Impact of Mobile Payment on the Enhancement of Consumption Structure and Pattern of Chinese Rural Households

Liu,

Li,

2023

Agriculture

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Amidst China’s economic transition towards high-quality development, the latent potential of the rural consumer market has been significantly unlocked, rendering the evolution of rural household consumption patterns a pivotal area of research. In this paper, we empirically investigate the influence of mobile payment on the transformation of consumption patterns within Chinese rural households, utilizing data from the China Household Finance Survey 2017 and China Household Finance Survey 2019. This study’s findings reveal the following key points: Firstly, mobile payment significantly contributes to the enhancement of the consumption structure within rural households. Secondly, the mechanistic analysis demonstrates that mobile payment plays a pivotal role in alleviating mobility constraints and optimizing the consumption environment, thereby facilitating the improvement of rural households’ consumption patterns. Lastly, the heterogeneity analysis indicates that mobile payment has a more pronounced effect on the upgrading of consumption structures among rural households with older household heads and higher education levels. In light of these findings, this paper suggests advancing the development of mobile payment infrastructure in rural areas, enhancing the proliferation of smartphones in rural regions, and bolstering financial education initiatives within rural communities.

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Section: Literature Reviewmentioning

confidence: 96%

A Study of the Impact of Mobile Payment on the Enhancement of Consumption Structure and Pattern of Chinese Rural Households

Liu,

Li,

2023

Agriculture

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“…The second view is that aging households are not conducive to raising household consumption levels. For example, some researchers (Shi Beibei, 2017) found that the consumption level of aging households across the country is lower than the average consumption level through empirical research; He L et al (He L et al, 2020) found that aging households have a negative impact on consumption level by constructing a model. The third view is that the relationship between aging families and family consumption levels is not significant (Yin Junru et al, 2016), because of the pension system and the lifestyle of parents and children live together.…”

Section: Literature Reviewmentioning

confidence: 99%

Empirical Analysis of the Impact of Heterogeneous Aging Families on Consumption based on CFPS Data

Chen¹

2021

BCPBM

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Aging families are divided into with higher education and without higher education, and their influence on consumption is also different due to differences in their respective income characteristics. Relevant data based on CFPS 2014, 2016, and 2018 were empirical analyzed, and the results show that: (1) Aging families and consumption levels are negatively correlated, while the negative impact of aging families with higher education is even smaller. (2) Aging families have a negative correlation with subsistence, enjoyment, and developmental consumption, and their negative impact on subsistence consumption is the smallest, followed by developmental consumption, and enjoyment consumption is the largest. The aging families with higher education have less negative influence on various types of consumption than the other one. (3) In terms of regional differences, compared with the central and western regions, aging families in the eastern region, especially those with higher education in the eastern region, have a smaller negative impact on consumption levels. Among them, the most inhibitory effect on subsistence consumption is aging families without higher education in the central and western regions, the most inhibitory effect on enjoyment consumption is the aging families without higher education in the eastern region, and the most inhibitory effect on developmental consumption is the aging families without higher education in the central and western regions.

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“…Muhammad Raees Shaik et al [7] showed that population aging has a significant impact on income distribution, which is a driving factor for income inequality between regions. In addition, scholars have found that population aging has a significant negative impact on urban and rural residents' consumption [8], labor structure [9], enterprise technology innovation [10], and industrial structure upgrading [11]. Despite extensive research on the economic effects of population aging in the domestic academic community, insufficient attention has been paid to its environmental governance effects, especially the lack of empirical research on the emission reduction effects and mechanisms of population aging under the "dual carbon" goal [12].…”

Section: Introductionmentioning

confidence: 99%

Towards Green Development: Identifying the Impact of Population Aging on China’s Carbon Emissions Based on the Provincial Panel Data Analysis

Xu,

Zhu

2024

Pol. J. Environ. Stud.

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With the rapid advancement of industrialization and urbanization, the increase in carbon emissions and the continuous deepening of population aging have become two major challenges that hinder the high-quality development of China's economy. Based on the panel data of 30 provinces in the Chinese Mainland from 2003 to 2020, this paper uses the two-way fixed effect model to investigate the impact mechanism and effect of population aging on carbon emissions. The research results indicate that the aging population has significantly exacerbated regional carbon emissions in China, and a series of robustness tests have also confirmed this conclusion. From a regional perspective, the aging population in developed, coastal, and inland regions has an exacerbating effect on carbon emissions. Developed regions have the highest carbon emissions, followed by inland regions, and coastal regions have the lowest. Underdeveloped regions have emission reduction effects. From the perspective of the mechanism, population aging not only exacerbates regional carbon emissions through consumption structure effects, but also promotes regional carbon emissions through production effects. On this basis, in order to effectively achieve regional carbon reduction, this article proposes a series of policy recommendations from accelerating population policy adjustment, optimizing energy consumption structure, and strengthening cross regional collaborative environmental governance.

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How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence

Cited by 3 publications

References 30 publications

A Study of the Impact of Mobile Payment on the Enhancement of Consumption Structure and Pattern of Chinese Rural Households

A Study of the Impact of Mobile Payment on the Enhancement of Consumption Structure and Pattern of Chinese Rural Households

Empirical Analysis of the Impact of Heterogeneous Aging Families on Consumption based on CFPS Data

Towards Green Development: Identifying the Impact of Population Aging on China’s Carbon Emissions Based on the Provincial Panel Data Analysis

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