Study on the Influencing Factors of Urban Residents' Income in China

DOI

10.2991/hssmee-18.2018.42How to use a DOI?

Keywords

income of urban and rural residents, principal component analysis, influencing factors.

Abstract

With the rapid development of China's economy, influencing factors of residents’ income have become one of the research hotspots. This paper selects several factors that affect residents’ income and uses the income data of urban and rural residents in China to conduct empirical analysis. It is found that firstly there is a positive linear correlation between economic development factors and the income of urban and rural residents. Secondly, there is a linear negative correlation between the economic environmental factors and the income of urban and rural residents. Thirdly, the institutional factors have a positive linear correlation with the income of urban and rural residents. Suggestions to improve the income of urban and rural residents: Encouraging and guiding entrepreneurship to promote regional economic development and to drive urban and rural residents to expand employment and increase income; Highlighting the focus of income doubling, striving to accelerate the pace of rural residents to increase income and narrowing the income gap between urban and rural areas; Narrowing the income gap, expanding middle-income groups and gradually building an olive-type society; Accelerating the transformation of economic growth mode, adjusting and optimizing industrial structure and industrial layout and developing circular economy and green economy; Improving the construction of the social security system and increasing the transfer income of urban and rural residents.

Copyright

© 2018, 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  - Guoran Zhang
PY  - 2018/09
DA  - 2018/09
TI  - Study on the Influencing Factors of Urban Residents' Income in China
BT  - Proceedings of the 2018 International Symposium on Humanities and Social Sciences, Management and Education Engineering (HSSMEE 2018)
PB  - Atlantis Press
SP  - 245
EP  - 249
SN  - 2352-5398
UR  - https://doi.org/10.2991/hssmee-18.2018.42
DO  - 10.2991/hssmee-18.2018.42
ID  - Zhang2018/09
ER  -