The reduction of economic development inequality is widely recognized as a means of promoting household consumption.Using nighttime light data combined with household survey datasets from 2010 to 2020,this paper inves...The reduction of economic development inequality is widely recognized as a means of promoting household consumption.Using nighttime light data combined with household survey datasets from 2010 to 2020,this paper investigated the impact of inequality on household consumption in China.The results revealed a significant negative relationship,which remained robust after instrumental variable regressions and multiple robustness checks.The effect was strongest among married households with children and insignificant for those unmarried or without children.Further analysis showed that the inequality-consumption relationship varied with the gender composition,marital status,and the age of household heads,as well as the number and educational level of children,emphasizing the role of intergenerational support in shaping up the inequality-consumption nexus.The study found that increased government spending on education effectively alleviated the adverse impact of inequality on household consumption.展开更多
Growing income disparity is a dark side of globalization, as discussed at this year's Davos summit The annual meeting of the World Economic Forum at Davos, Switzerland concluded January 29 after five days of vibra...Growing income disparity is a dark side of globalization, as discussed at this year's Davos summit The annual meeting of the World Economic Forum at Davos, Switzerland concluded January 29 after five days of vibrant debate around the theme of "the creative imperative."展开更多
基金support from the National Natural Science Foundation of China(Nos.72442019,72073102,and 72541001)the Ministry of Education's Major Program for Humanities and Social Sciences Key Research Base in Universities(Nos.23JJD790001 and 22JJD790061).
文摘The reduction of economic development inequality is widely recognized as a means of promoting household consumption.Using nighttime light data combined with household survey datasets from 2010 to 2020,this paper investigated the impact of inequality on household consumption in China.The results revealed a significant negative relationship,which remained robust after instrumental variable regressions and multiple robustness checks.The effect was strongest among married households with children and insignificant for those unmarried or without children.Further analysis showed that the inequality-consumption relationship varied with the gender composition,marital status,and the age of household heads,as well as the number and educational level of children,emphasizing the role of intergenerational support in shaping up the inequality-consumption nexus.The study found that increased government spending on education effectively alleviated the adverse impact of inequality on household consumption.
文摘Growing income disparity is a dark side of globalization, as discussed at this year's Davos summit The annual meeting of the World Economic Forum at Davos, Switzerland concluded January 29 after five days of vibrant debate around the theme of "the creative imperative."
