This
paper empirically analyzes the impact of social stratification of Chinese
residents on leisure consumption. Based on the data from 2016 Chinese Family Panel
Studies (CFPS), the regression results of instrumental variables show that the
social level of Chinese residents has a significant positive impact on leisure
consumption, considering the endogenous possibility of social stratification on
leisure consumption. The policy implication of this paper is that when launching
policies related to the cultural industry and leisure consumption, responsible departments
of Chinese government should fully consider the possibility and complexity of
the influence of Social stratification on the effectiveness of policies.
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