Social Stratification and Leisure Consumption: Empirical Evidence Based on Micro Survey Statistics in China

摘要

This paper empirically analyzes the impact of social stratification of Chinese residents on leisure consumption. Based on the data from 2016 Chinese Family Panel Studies (CFPS), the regression results of instrumental variables show that the social level of Chinese residents has a significant positive impact on leisure consumption, considering the endogenous possibility of social stratification on leisure consumption. The policy implication of this paper is that when launching policies related to the cultural industry and leisure consumption, responsible departments of Chinese government should fully consider the possibility and complexity of the influence of Social stratification on the effectiveness of policies.