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集体主义与居民家庭消费——来自中国的经验发现
引用本文:田子方.集体主义与居民家庭消费——来自中国的经验发现[J].金融研究,2020,479(5):132-150.
作者姓名:田子方
作者单位:中央财经大学经济学院,北京 100081
基金项目:* 本文感谢国家社科基金重点项目(18AZD007)、国家社科基金青年项目(19CJL038)、北京高校卓越青年科学家计划项目(BJJWZYJH01201910034034)、中央财经大学青年教师发展基金、中央高校基本科研业务费专项资金和中央财经大学科研创新团队支持计划的资助。
摘    要:采用详实的微观调查数据,本文实证分析了集体主义对我国居民家庭消费的影响.基于社会网络、社会融入、情感表达和自我控制等四个方面,本文进一步构造了综合集体主义观念,经过稳健性检验和内生性讨论的回归结果显示,综合集体主义观念显著提高了居民家庭消费水平.其中,稳定的社会网络、社会融入和情感表达显著促进了居民家庭消费,而自我控制显著抑制了居民家庭消费.分消费类型看,综合集体主义观念及稳定的社会网络显著提高了不同类型的家庭消费.进一步的研究显示,在互联网普及率更高的地区,集体主义对居民家庭消费的正向促进作用更小.本文的政策涵义在于,在促进居民消费的过程中,相关部门应重视集体主义文化对居民消费的促进作用及其因区域信息化水平不同而产生的差异,以提高政策的精准程度.

关 键 词:集体主义  居民家庭消费  数字经济

Collectivism and Household Consumption: New Empirical Evidence from China
TIAN Zifang.Collectivism and Household Consumption: New Empirical Evidence from China[J].Journal of Financial Research,2020,479(5):132-150.
Authors:TIAN Zifang
Institution:School of Economics, Central University of Finance and Economics
Abstract:Understanding the determinants of household consumption is important for understanding the national economy. Scholars try to explain the dilemma of low consumption in certain countries or regions by studying cultural differences, but these studies are restricted by the limitations of data and technology, making the impact of culture on residents' consumption unclear. The mainstream view consists of theories of informal institutions, risk preferences and consumption concepts. These theories explain why culture affects individuals' consumption from different perspectives. As an important aspect of cultural characteristics, collectivism-individualism is an important object of cultural and economic research and worthy of further study.
The best known definition of collectivism is given by Hofstede (1980). He defines a collectivist society as one whose residents enter into a strong and closely connected inner group at birth that provides lifelong security for them. Additionally, the residents should be absolutely loyal to the group. Many scholars point out that this cultural characteristic is also applicable to the study of individuals. Gorodnichenko and Roland (2012) measure the index of collectivism in a culture at the individual level and provide strong support for the quantitative analysis of this paper. The collectivist culture of China is mainly reflected in blood relationships or circles of acquaintances. Stable social networks, social integration and emotional expression are reflected in the close relationships between the members of an inner group and self-control reflects the self-restraint prevalent in collectivist culture. These four dimensions form the core of collectivist culture in this paper. Using a large sample of individual survey data from the China Family Panel Studies (CFPS), we construct a comprehensive index of collectivism to analyze its impact on China's household consumption. The results confirm that the comprehensive collectivism concept has a significant and stable positive effect on consumption in China.
Social networks, social integration and emotional expression have significant positive effects on China's household consumption, but the sense of self-control has the opposite result. The influence of trust, an often used cultural variable, is not significant. Empirical analysis of different types of consumption shows that steady social networks significantly increase different types of consumption. Social integration significantly increases food, education, culture and entertainment consumption. Emotional expression significantly promotes clothing, housing, transportation, communication and other consumption. Self-control ability inhibits expenditures except on clothing and medical insurance. The comprehensive collectivism index has a significant positive effect on all types of consumption. When allowing for heterogeneity in the level of Internet penetration, we find that collectivism has a weaker effect on consumption in areas with greater Internet penetration. The results are still significant when using robust methods to address issues of endogeneity. These conclusions have an important policy implication. To improve the accuracy of policies, the government should pay attention to the effect of collectivism on consumption and the differences caused by regional differences in the informatization level.
This paper makes the following contributions. We measure the concept of collectivism from the perspective of the individual and explore its effect on consumption in China. This study both fills a gap in the literature and provides a new perspective for the interdisciplinary research of economics, sociology and psychology. It is worthwhile to pay attention to the steady positive effect of the family social network on different types of consumption, which proves that the core of collectivism in China is “family collectivism.”
Keywords:Collectivism  Household Consumption  Digital Economy  
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