Effect Mechanism of Social Capital on Consumption Structure Upgrading of the Elderly Population
As population ageing evolves and the consumption structure adjusts continuously,it is important to study the consumption structure of the elderly population,and social capital,as a potential resource,has an important impact on the consumption structure of the elderly population.This paper analyzed the impact of social capital on the upgrading of the consumption structure of the elderly population based on data from China Family Panel Studies(CFPS),focusing on the mediating mechanism of the influence.The results show that social capital helps to promote the upgrading,with a more pronounced positive effect on young-old as well as urban and high-income older adults.Informal financial lending,future confidence,subjective social status and internet use are the mediating mechanisms through which social capital contributes to the upgrading of the consumption structure of the elderly population.At the same time,social capital promotes the upgrade of the structure both directly and indirectly through these mechanisms.
the elderly populationupgrading of consumption structuresocial capital
NETL
NSTL
万方数据
