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Age structure of the population and household consumption expenditure on tourism

Author

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  • Chen, Fangming
  • Mao, Shuai
  • Huang, Rong

Abstract

Based on data from the China Family Tracking Survey (CFPS), this paper systematically analyzes the impact of family characteristics on family tourism consumption expenditure under the changing age structure of the population. It is found that an increase in the old-age dependency ratio has a significant inhibitory effect on household tourism consumption expenditures. It is further found that households' increased wage income, integration into new social media, and accumulation of health capital can weaken the inhibitory effect of aging on tourism consumption and strengthen the promotional effect of tourism consumption generated by an increase in the juvenile dependency ratio.

Suggested Citation

  • Chen, Fangming & Mao, Shuai & Huang, Rong, 2024. "Age structure of the population and household consumption expenditure on tourism," Finance Research Letters, Elsevier, vol. 60(C).
    • Handle: RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012680
    DOI: 10.1016/j.frl.2023.104896
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    References listed on IDEAS

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    Cited by:

    1. Wang, Lili & Liang, Jian & Wang, Beibei, 2024. "Population aging and sustainable economic development: An analysis based on the role of green finance," Finance Research Letters, Elsevier, vol. 70(C).
    2. Tian, Geran & Jin, Changlun & Wu, Weixing, 2024. "Too old to spend? Understanding the consumption of the elderly in China," China Economic Review, Elsevier, vol. 88(C).
    3. Zhao, Dongfang & Gao, Genghe & Liu, Tao & Zhao, Zhenkun, 2024. "Population aging, digital divide, and household financial asset choices—An empirical study based on prefecture-level population census data," Finance Research Letters, Elsevier, vol. 66(C).

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