家庭资产配置对城镇居民旅游消费的影响——基于中国家庭追踪调查数据的经验分析

The Impact of Household Asset Allocation on Tourism Consumption of Urban Residents:Empirical Analysis Based on CFPS Data

文章基于中国家庭追踪调查(CFPS)2012年、2016年及2018年的面板数据,借助Heckman两阶段模型,探究家庭资产配置对城镇居民旅游消费的影响效应。结果表明,不同类型资产对旅游消费具有差异化的影响。其中,住房资产、金融资产与耐用品资产对旅游消费决策与规模均具有显著的正向影响。将收入与资产配置纳入到家庭经济框架下统一考察发现,城镇居民家庭资产能够正向强化收入对旅游消费的刺激作用。其中,住房资产、金融资产及耐用品资产存量的增加能够激发收入的保障效应,而经营性资产的强化效果则并不显著。异质性分析显示,金融资产对不同层次资产群体的旅游消费规模均具有显著的提升作用,而住房资产与耐用品资产对中高资产群体的推动作用更强,经营性资产对低资产群体则具有显著的负效应,女性户主与高龄户主的家庭住房资产与耐用品资产的财富效应相对更明显。

Based on the panel data of China family panel studies(CFPS)in 2012,2016 and 2018,with the help of Heckman two-stage model,this paper explores the impact of family asset allocation on urban residents’tourism consumption.The results show that different types of assets have different effects on tourism consumption.Among them,housing assets,financial assets and durable goods assets have significant positive impact on the decision and scale of tourism consumption.After income and asset allocation is integrated into family economic framework,it is found that the household assets of urban residents can positively strengthen the stimulating effect of income on tourism consumption.The increase of the housing assets,financial assets and durable goods assets can further stimulate the guarantee effect of income on tourism consumption.However,the strengthening effect of operating assets is not significant.The heterogeneity analysis shows that financial assets have significant impact in promoting the tourism consumption scale of different asset groups,while housing assets and durable goods assets play a stronger role in promoting the tourism consumption scale of middle and high asset groups,and operating assets have significant negative effects on the tourism consumption scale of low asset groups.The wealth effect of housing assets and durable goods assets of female householders and elderly householders is relatively more obvious.