Social class differences in consumption propensity in contemporary China – from survival-oriented consumption to development-oriented consumption
Bibliographic Data
| ID | 13059634 |
|---|---|
| Authors | Yi Zhang (0000-0002-7581-7061, Chinese Academy of Social Sciences, corresponding author) |
| Year | 2017 |
| Volume | 4 |
| Issue | 1 |
| Publication date | 2017-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Chinese Sociology (JOURNAL) |
| Journal identifiers | ISSN: 2198-2635 • E-ISSN: 2198-2635 |
| Publisher | Springer Nature (PUBLISHER • SG) |
| DOI | 10.1186/s40711-017-0066-1 |
| OpenAlex | W2779973791 |
| Language | EN |
| Citations received | 6 |
| References cited | 1 |
This article employs data from the 2013 China Social Survey to analyse class differences in propensities to consume in contemporary China. Results suggest that the average propensity to consume (i.e. APC) among peasants, the working class, and the old middle class is relatively high; but owing to their limited income, the marginal propensity to consume (i.e. MPC) among peasants and the working class is relatively low. By further distinguishing survival-oriented consumption from development-oriented consumption, the results indicate that survival-oriented MPC is relatively high among peasants, the working class, and the old middle class, whereas the pattern among the new middle class is the opposite, showing a relatively low survival-oriented MPC but a relatively high development-oriented MPC. Results show that in the top-down design of the supply-side structural reform on residents’ consumption, survival-oriented consumption should target peasants, the working class and the middle class, whereas development-oriented consumption should target the new middle class and business owners
China · Class (philosophy · Consumption (sociology · Demographic economics · Economic growth · Economics · Marginal propensity to consume · Market economy · Middle class · Political science · Social class · Social science · Sociology · Working class · China's Socioeconomic Reforms and Governance · Computer Science · Law · Migration, Ethnicity, and Economy · Finance
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| Unique citing works | 6 |
|---|---|
| Citations per year | 1,2 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 6 |