Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2021.2010110
Consumption and savings of migrants in China – social cohesion perspective
Jing Tan
Hao Xu
Jingwen Yu
Valentin Radu
Sažetak
Boosting domestic demand is the task of China’s sustainable economic development, and in particular, China has become an
important global consumer market and the savings patterns
should be more cohesive and without discriminations. Using data
of China Migrants Dynamic Survey, the paper provides new evidence on internal migrants’ savings in China from the perspective
of homeownership and family migration. We find that migrants’
savings are 5.25–6.60 percentage points higher than hukou population even when controlling for working, social status, and social
insurance coverage which means the migrant will save
1019.88–1647.10 yuan in 2010 price more monthly. Furthermore,
we discover housing could partly explain the saving gap, while
when we take remittance and family migration into account, the
saving rate differences between migrants and hukou population
disappears, which means migrants may save to consume when
they go back to their hometown with their family members
instead of consuming later in the resident cities. The research is
carried out taking into account the objectives of social cohesion
policy identified at national and international level and their
involvement in consumption and saving processes. Our empirical
results reveal that homeownership, remittance motive and family
migration play important roles in shaping saving behaviour
of migrants.
Ključne riječi
Migrant workers; saving; consumption; hukou; social cohesion; homeownership
Hrčak ID:
302688
URI
Datum izdavanja:
31.3.2023.
Posjeta: 149 *