Will People with High Assets Be More Pessimistic Towards the Economic Expectations?

Research Based on the Data of CHFS in 2011

DOI

10.2991/aebmr.k.210917.022How to use a DOI?

Keywords

Asset Scale, Social Structure, Economic Expectation

Abstract

The study of economic expectation is conducive to understand the potential unstable factors in China’s economic development. This paper discusses the impact of family assets on residents’ economic expectations from the perspective of social structure. Based on the social structure mechanism, this study adopts the variable of asset scale and the data of China Household Finance Survey (CHFS) in 2011 to analyze the impact of asset scale on people’s economic expectations with the multi-layer logistic model. It is found that the higher the asset scale, the less optimistic the individual’s economic expectation is. Besides, this impact is different in regions with different economic development levels. In economically relatively developed regions, asset scale has a significant negative effect on individual economic expectation, while in economically relatively underdeveloped regions, asset scale has no significant impact on individual economic expectation.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wang Zhengfen
PY  - 2021
DA  - 2021/09/18
TI  - Will People with High Assets Be More Pessimistic Towards the Economic Expectations?
BT  - Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)
PB  - Atlantis Press
SP  - 128
EP  - 131
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210917.022
DO  - 10.2991/aebmr.k.210917.022
ID  - Zhengfen2021
ER  -