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《Journal of Shanghai University of Finance and Economics》 2011-01
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Empirical Study on the Volatility of Urban Inhabitants'Propensity to Consume in China: From theAngle of Different Income Classes

YI Xingjian,ZHANG Bo(School of International Trade and Economics,Guangdong Universityof Foreign Studies,Guangdong Guangzhou 510006,China)  
By a statespace model,this paper measures the volatility of urban inhabitants' propensity to consume(MPC) in China from the angle of different income classes.The empirical results are shown as follows: first,general MPC suddenly rose in 1988 and slowed down then,but MPC of the lowest income class had been constantly increasing since 1994 and started decreasing after 2004;secondly,MPC of other 6 incomes classes has been constantly and quickly reducing since 1988 and the downtrend had been slower from 1994 to 2004;thirdly,MPC of different income classes is featured by a scattering tendency step by step,and MPC decreases as the income level rises.This paper gives an explanation of empirical results and provides corresponding policy suggestion.
【Fund】: 国家自然科学基金项目(71073032);; 教育部人文社会科学研究项目(09YJC790054);; 广东外语外贸大学“211工程”重点学科建设项目子项目
【CateGory Index】: F224;F126
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