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- Title
The Impact of Inflation on Expenditures and Happiness in China.
- Authors
Shishu Zhang
- Abstract
Using the China Statistical Yearbook, China Compendium of Statistics, Finance Years-Book of China, and the Chinese Household Income Project Survey in 2002, the effects of inflation on people's feeling of happiness and their consumption behaviors are investigated. A description of recent trends in China's inflation using 1985 as the base year is also provided. It is found that inflation is negatively related with people's feeling of happiness. Inflation also negatively affects people's food expenditures, health and medical expenditures, home equipment, facilities, and services expenditures, transportation and communication expenditures, entertainment, education, and culture services expenditures, housing and related expenditures, and miscellaneous good and service expenditures. However, inflation is positively related to clothes expenditures.
- Subjects
CHINA; PRICE inflation; PUBLIC spending; CONSUMER behavior; ANTI-inflationary policies; PRICE level changes; EFFECT of inflation on income
- Publication
Southern Business & Economic Journal, 2012, Vol 35, Issue 1, p53
- ISSN
0743-779X
- Publication type
Article