共同富裕背景下家庭投资能力与消费分化

Household Investment Capacity and Consumption Differentiation in the Context of Common Prosperity

促进消费平等是共同富裕背景下构建可持续消费市场的基本要求。本文基于中国微观家庭数据库,实证检验了家庭投资能力对消费分化的影响。研究结果表明,家庭投资能力对居民消费结构有着非线性影响,可能加剧城乡家庭消费分化问题。从不同收入家庭的拟合结果来看,在不同门槛值下,家庭投资能力对高收入与低收入家庭的消费结构有着正向影响,但对中等收入家庭的影响呈现先负后正的特征。因此,要坚持金融普惠发展、提高城乡家庭的金融素养,并引导城乡居民形成健康的投资理财意识,以发挥金融服务消费的经济价值。

Promoting equality in consumption is a basic requirement for building a sustainable consumer market in the context of common prosperity.Based on China’s micro household database,this paper empirically examines the impact of household investment capacity on consumption differentiation.The results show that household investment capacity has a non-linear impact on the consumption structure of residents,which may exacerbate the problem of consumption differentiation between urban and rural households.From the fitting results of families with different salaries,under different thresholds,family investment capacity has a positive impact on the consumption structure of high-income and low-income families,but the impact on middle-income families shows first negative and then positive characteristics.Therefore,it is necessary to adhere to the development of inclusive finance,improve the financial literacy of urban and rural families,and guide urban and rural residents to form healthy investment and financial management consciousness,to give full play to the economic values of financial service consumption.