The Effect of Wealth Increase on Education and Entertainment Consumption in China

DOI

10.2991/assehr.k.211209.299How to use a DOI?

Keywords

entertainment and education consumption; wealth; household assets; living condition

Abstract

Entertainment and education consumption partly reflects people’s living standards. In order to study the influencing factors of entertainment and education consumption of Chinese people in the second decade of the 21st century, this paper uses the data from 2010 to 2018 in CFPS and the multiple linear regression method in econometrics to evaluate the impact of the increase of total household assets on the consumption of entertainment and education through Stata software. The results show that the increase in household assets promotes entertainment and education consumption. However, the stimulation effect gradually decreased from 2010 to 2018. In addition, high housing price took in a large amount of family income and impeded the consumption of entertainment and education.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Rui Liu
PY  - 2021
DA  - 2021/12/15
TI  - The Effect of Wealth Increase on Education and Entertainment Consumption in China
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1845
EP  - 1848
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.299
DO  - 10.2991/assehr.k.211209.299
ID  - Liu2021
ER  -