The Influence of Relaxing the Restriction of Housing Provident Withdraw on Household Consumption
Based on the data of Chinese Household Finance Survey(CHFS)2011-2019,empirical research of the influence of rela-xing the restriction of housing provident withdraw on household consumption has been done.We have found that by relaxing the restriction of housing provident withdraw,profound growth of household consumption is seen,with an average increase of 8.4％.Household consumption increases through optimizing household deposit structure and adjusting household consumption structure.Meanwhile,the motivating effect of the policy manifests heterogeneity.Compared with families in the central and western regions in China,more significant increase of household consumption is seen in families of eastern regions.For families of different financial states,household consumption increases more in families with both low housing provident balance and low income.
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万方数据
