The Effect of Social Activities on the Consumption of the Young Old
With the cohort replacement and rapid growth of older population,the young older adults have become the main force driving older adults'consumption,gaining growing importance in overall residential consumption.Based on data from the 2018 China Health and Retirement Longitudinal Study(CHARLS),this study empirically examines the impact of social activities on the consumption of the young older adults.Results show that the diversity of social activities and the frequency of social par-ticipation significantly increase consumption levels,and contribute to the upgrading of consumption pat-terns.The participation in social activities of the young older adults weakens the negative effect of early family economic disadvantages on consumption levels.Furthermore,the effects of social activities are more pronounced in increasing the consumption levels of the young older adults who are in areas with a higher inclination toward cultural services.In light of these findings,the study advocates for increased investment in public cultural services,establishment of diverse social platforms,and encouragement of the young older adults to engage in diverse and frequent social activities.Simultaneously,it is important to regulate the development of industries catering to older adults to diversify their consumption patterns and unlock their consumption potentials.
Social ActivitiesYoung Older AdultsConsumption of Older AdultsFamily Economic Disadvantages in Early Life
万方数据
维普
