The Influencing Factors of Chinese Household Consumption and the Sources of Urban and Rural Consumption Differences – Based on the Registration Form the Dataset of CHIP

Abstract

To accelerate the transformation of economic growth mode and promote high-quality economic development, it is necessary to clarify the specific impact of population aging on consumption expenditure and the differences between urban and rural areas. This paper selects chip2013 panel data as samples to construct a regression model and uses OB decomposition to analyze. The results show that the aging of the population has a significant negative impact on consumption expenditure, but the difference between urban and rural consumption is mainly due to their own endowment and consumption concept, rather than the degree of aging. The aging of the population is a long-term trend of China's population development. The research results will help us adjust policies to resist the adverse effects of aging on economic development.