DOAJ Open Access 2022

Lagging behind the Joneses: Relative Deprivation and Household Consumption in Rural China

Xiaodi Qin Haitao Wu Yifeng Xie Xiaofang Zhang

Abstrak

Based on the Chinese Family Panel Studies (CFPS) 2010–2018, this article investigates how relative deprivation influences household consumption in rural China. High-dimensional fixed-effects (HDFE), the instrumental variable (IV), and causal mediation analysis (CMA) are leveraged to estimate the causal effect and mechanisms. Results show that relative deprivation reduces survival-oriented consumption of food, development-oriented consumption of transportation, telecommunication, and education, as well as enjoyment-oriented of durable goods, and increases survival-oriented consumption of residence and development-oriented consumption of healthcare and medical services. Mechanism analysis indicates that relative deprivation decreases household consumption through the anticipated effect and increases it through a cognitive trap effect. On the whole, the anticipated effect prevails over the cognitive trap effect.

Topik & Kata Kunci

Agriculture (General)

Penulis (4)

Xiaodi Qin

Haitao Wu

Yifeng Xie

Xiaofang Zhang

Format Sitasi

APA MLA BibTeX

Qin, X., Wu, H., Xie, Y., Zhang, X. (2022). Lagging behind the Joneses: Relative Deprivation and Household Consumption in Rural China. https://doi.org/10.3390/agriculture12111912

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Informasi Jurnal

Tahun Terbit: 2022
Sumber Database: DOAJ
DOI: 10.3390/agriculture12111912
Akses: Open Access ✓