Proceedings of the 2020 International Conference on Social Science, Economics and Education Research (SSEER 2020)

Asset Allocation, Heterogeneity and Consumption

Authors
Liping Wang, Xue Meng
Corresponding Author
Liping Wang
Available Online 1 August 2020.
DOI
https://doi.org/10.2991/assehr.k.200801.047How to use a DOI?
Keywords
asset allocation, temporary income shock, heterogeneous consumers, consumption
Abstract
This paper defines the heterogeneous consumers according to the ratio between the high liquid assets and income, and uses the data from the China Family Panel Studies (CFPS) of 2010, 2012, 2014 and 2016 to examine the response of heterogeneous consumers to the temporary income shocks and the wealth effects of the assets on the heterogeneous consumers. The study shows that consumers are more vulnerable to temporary income shocks when they have insufficient high liquid assets, and the wealth effect of the housing assets differ among the heterogeneous consumers.
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Proceedings
2020 International Conference on Social Science, Economics and Education Research (SSEER 2020)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
1 August 2020
ISBN
978-94-6252-998-4
ISSN
2352-5398
DOI
https://doi.org/10.2991/assehr.k.200801.047How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Liping Wang
AU  - Xue Meng
PY  - 2020
DA  - 2020/08/01
TI  - Asset Allocation, Heterogeneity and Consumption
BT  - 2020 International Conference on Social Science, Economics and Education Research (SSEER 2020)
PB  - Atlantis Press
SP  - 193
EP  - 196
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200801.047
DO  - https://doi.org/10.2991/assehr.k.200801.047
ID  - Wang2020
ER  -