Asset Allocation, Heterogeneity and Consumption
Liping Wang, Xue Meng
Available Online 1 August 2020.
- https://doi.org/10.2991/assehr.k.200801.047How to use a DOI?
- asset allocation, temporary income shock, heterogeneous consumers, consumption
- This paper defines the heterogeneous consumers according to the ratio between the high liquid assets and income, and uses the data from the China Family Panel Studies (CFPS) of 2010, 2012, 2014 and 2016 to examine the response of heterogeneous consumers to the temporary income shocks and the wealth effects of the assets on the heterogeneous consumers. The study shows that consumers are more vulnerable to temporary income shocks when they have insufficient high liquid assets, and the wealth effect of the housing assets differ among the heterogeneous consumers.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Liping Wang AU - Xue Meng PY - 2020 DA - 2020/08/01 TI - Asset Allocation, Heterogeneity and Consumption BT - 2020 International Conference on Social Science, Economics and Education Research (SSEER 2020) PB - Atlantis Press SP - 193 EP - 196 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.200801.047 DO - https://doi.org/10.2991/assehr.k.200801.047 ID - Wang2020 ER -