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### 老龄化、老年家庭消费与补偿消费行为

• 出版日期:2019-10-25 发布日期:2019-10-25

### Aging Society, Elderly Family Consumption and Compensatory Consumption Behavior

Wei Jinrui & Zhang Ruiling

• Online:2019-10-25 Published:2019-10-25

Abstract: Based on the data from China Health and Retirement Longitudinal Study (CHARLS) in 2011, 2013 and 2015, we use factor analysis and nonrandomized regression discontinuity design to explore the consumption structure of the elderly families in the context of aging from the perspective of compensatory consumption. The study finds that:① The elderly family compensatory consumption increases slowly but not continuously with age. There is a significant jump at the age of 63 and 71, slightly delayed compared with the policy nodes. ② The policy nodes increase compensatory expenditure by 5 to 7 percent at 63-year-old break point and about 20 percent at 71-year-old break point. Following the criteria of age division of the United Nations, the age of 63 can be regarded as the starting point for the young senior stage and 71 for the old senior stage in China. ③ The change of compensatory consumption is mainly caused by different factors at different break points. Education is the most significant factor driving the jump of at 63 years old, compensating for the educational defects or re-entering the labor market. But we can’t rule out the educational burden of their grandchildren. Healthcare, entertainment, transportation and communication are influence factors driving the jump at 71 years old. The decrease in tourism expenditure may be an economic or physical cause, or the state promulgation of various preferential policies for the elderlies over 70 years old.