城镇居民收入结构、收入初次分配格局与消费过度敏感性——1985—2008年的经验数据

Structure of Urban Residents' Income and Initial Distribution of National Income and Excessive Sensitivity to Consumption:1985—2008

实证分析表明,城镇居民消费存在过度敏感性,1985—2008年消费由当期收入决定的消费者所占比例不低于67%。造成该种现象的原因主要有二:一是城镇居民收入结构中,工薪收入占绝对主体,财产性收入低,资产财富效应微弱;二是城镇居民收入在国民收入初次分配中的比例不高且不断下降。为了缓解消费的过度敏感性,扩展城镇居民消费,提高居民收入在初次分配中的比重是根本途径。为此,应该提高企业支付给职工的劳动报酬,降低生产税税率,采取措施提高居民财产性收入,同时要抑制住房价格等过快增长。

The empirical analysis shows that there exists an excessive sensitivity in urban residents＇ consumption,and consumers whose consumption depends on contemporary income account for over 67%.On the one hand,wages and salaries are the main body of residents＇ income,and income from property is very low,which gives rise to weak wealth effect.On the other hand,the ratio of resident sector to initial allocation of national income is decreasing,which is the main cause to excessive sensitivity.In order to mitigate the negative effect of excessive sensitivity to consumption,residents＇ income should be improved,which is the best way to enlarge consumption.So firms should improve wages of labors,reduce the rate of producer＇s tax,improve income from residents＇ properties,and control the rapid growth of house price.