The Impact of Public Transfers on the Relative Deprivation of Household Consumption
Based on the Chinese Family Panel Studies(CFPS),this paper empirically examines the impact of public transfers on the relative deprivation of household consumption and the mechanism using a two-way fixed effects model.The results indicate that public transfers can significantly alle-viate household consumption relative deprivation,and the findings remain valid after a series of ro-bustness tests and alleviating potential endogeneity problems.Heterogeneity results reveals that productive transfers significantly alleviate household consumption relative deprivation compared to livelihood transfers;public transfers have a greater impact on consumption relative deprivation in poor counties and households with high dependency ratios.Mechanism tests suggest that public transfers alleviate household consumption relative deprivation by reducing household income relative deprivation,improving income uncertainty and increasing the level of social trust.This study pro-vides micro evidence for alleviating the relative deprivation of individual consumption,improving the welfare level of residents,and realizing common prosperity.
Public TransfersConsumption Relative DeprivationIncome Relative DeprivationIn-come UncertaintySocial Trust
万方数据
维普
