Residents'Subjective Perception of Economic Welfare in the Era of Digital Economy:Analysis from the Perspective of Economic Status Identitybias
The report to the 20th National Congress of the CPC clearly pointed out that we must adhere to ensuring and improving people's livelihood in the course of development,encourage joint efforts to create a better life,and constantly realize the people's aspirations for a better life.At the same time,the digital economy has become a new engine driving the high-quality development of the Chinese economy.The rapid development of digital economy has brought potential risks to the deviation of residents'economic status identity,and brought new challenges to improve people's subjective perception of economic welfare and enhance people's sense of gain,happiness and security.In the context of the digital economy era,the Internet has achieved leapfrog development,deeply penetrated the whole process of economic and social development,and become an important factor affecting residents'subjective perception of economic welfare.Using four-year panel data from the China Family Panel Studies(CFPS)in 2010,2014,2016 and 2018,this paper systematically investigates the impact of Chinese people's Internet use behavior on economic status identity bias,and analyzes the reasons for this impact.The empirical results show that people's Internet use behavior has a significant positive effect on their economic status identity bias,a significant negative effect on their overestimation of economic status identity,and a significant positive effect on their underestimation of economic status identity,that is,the use of the Internet leads to economic status identity bias and underestimation of economic status identity at the same time.We propose that this phenomenon is due to the fact that people's use of the Internet reduces their evaluation of subjective economic status and leads to an increase in objective economic status.Further research shows that the influence of Internet use on economic status identity bias is different in groups with different levels of income inequality and different household registration types.The empirical findings of this paper have important policy implications for increasing the subjective economic welfare level of residents and thus improving people's sense of gain,happiness and security.
InternetEconomic status identity biasSubjective economic statusObjective economic status
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