Urbanization Level,Old-age Insurance Coverage for Urban Residents and Consumption Structure Upgrading
In order to explore the role of the development of urban residents'pension system in driving consumption growth in the process of urbanization,this paper constructs a theoretical analysis framework for the upgrading of residents'consumption structure from the two dimensions:the level of urbanization and the coverage of urban residents'pension insurance.A dual fixed-effect model is employed to empirically test the effects and their heterogeneity.The results show that,on the one hand,improving the new-type urbanization level and expanding the coverage rate of old-age insurance are conducive to the upgrading of residents'consumption structure.On the other hand,the urbanization level has a significant effect on the upgrading of residents'consumption structure in the eastern region,but not in the western region,while the pension insurance coverage rate has a more significant effect on the upgrading of residents'consumption in the central and eastern regions.With the improvement of the new urbanization level,the expansion of urban residents'pension insurance coverage will accelerate the upgrading of residents'consumption structure.
万方数据
维普
