Happiness and consumption: evidence from China |
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Authors: | Zhen Cui |
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Affiliation: | 1.Department of Economics and Statistics, College of Business and Economics,California State University Los Angeles,Los Angeles,USA |
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Abstract: | Using the 2012 China Household Finance Survey, this study finds that happiness in China is positively associated with expenditures on status-related and socially motivated goods, not with spending on improving material well-being or primarily intended for procuring material goods. It also reveals that socially motivated consumption has a status element and the effects of different types of consumption on happiness vary with people’s educational background. |
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