• 论文 •

### 收入不平等、信贷约束与家庭消费

• 出版日期:2016-08-15 发布日期:2016-08-11

### Income Inequality，Credit Constraints and Household Consumption

Hang Bin & Xiu Lei

• Online:2016-08-15 Published:2016-08-11

Abstract:

The paper, based on social status seeking, makes an analysis of the impacts of income inequality upon urban family consumption. We think that, in the economic circumstance with less-developed financial market and low-level social security, the increase of income gap will force the families with middle or low income to reduce the non-positional consumption and increase the savings. An empirical study, based on the micro-tracking data of CFPS , has indicated that: 1) Such show-off consumption of the families with high social status may exert a substantial demonstration effect upon the families with middle and low social status. In addition, the higher the social status of the families, the stronger their comparative motives are. 2) Income inequality may greatly reduce consumption of the families with middle and low social status. 3) The status seeking may largely stimulate positional consumption, while the increase in income difference is more likely to restrain non-positional consumption. 4) The inhibit effect on consumption of income gap is related to credit constraints.