Social security as a buffer: examining the relationship between economic policy uncertainty and rural consumption
Abstract Social security serves as a crucial mechanism for income redistribution and significantly shapes rural residents’ consumption patterns. Using panel data from 31 Chinese provinces (2000–2021), this study employs fixed-effects and threshold models to examine how economic policy uncertainty (E...
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| Format: | Article |
| Language: | English |
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Springer Nature
2025-05-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-025-04955-0 |
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| _version_ | 1850190594085748736 |
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| author | Renxing Chen Yu Hu Yixin Xue Xiaotian Zhang |
| author_facet | Renxing Chen Yu Hu Yixin Xue Xiaotian Zhang |
| author_sort | Renxing Chen |
| collection | DOAJ |
| description | Abstract Social security serves as a crucial mechanism for income redistribution and significantly shapes rural residents’ consumption patterns. Using panel data from 31 Chinese provinces (2000–2021), this study employs fixed-effects and threshold models to examine how economic policy uncertainty (EPU) affects rural consumption, with a particular focus on the dual role of social security. Key findings reveal the following: (1) EPU stimulates essential consumption but suppresses discretionary consumption among rural residents; (2) social security levels significantly mediate the EPU-consumption relationship; and (3) threshold analysis reveals nonlinear dynamics—the positive marginal effect of EPU on consumption progressively diminishes as social security levels increase. These findings advance the theoretical understanding of EPU transmission mechanisms while providing policymakers with evidence to optimize social security systems to stabilize rural household consumption. |
| format | Article |
| id | doaj-art-94fb33ef0de340ecb4db2dec12bdebe4 |
| institution | OA Journals |
| issn | 2662-9992 |
| language | English |
| publishDate | 2025-05-01 |
| publisher | Springer Nature |
| record_format | Article |
| series | Humanities & Social Sciences Communications |
| spelling | doaj-art-94fb33ef0de340ecb4db2dec12bdebe42025-08-20T02:15:15ZengSpringer NatureHumanities & Social Sciences Communications2662-99922025-05-0112111310.1057/s41599-025-04955-0Social security as a buffer: examining the relationship between economic policy uncertainty and rural consumptionRenxing Chen0Yu Hu1Yixin Xue2Xiaotian Zhang3Center for Quality of Life and Public Policy, Shandong UniversitySchool of Political Science and Public Administration, Shandong UniversitySchool of Food Science and Engineering, Northwest A&F UniversitySchool of Philosophy and Social Development, Shandong UniversityAbstract Social security serves as a crucial mechanism for income redistribution and significantly shapes rural residents’ consumption patterns. Using panel data from 31 Chinese provinces (2000–2021), this study employs fixed-effects and threshold models to examine how economic policy uncertainty (EPU) affects rural consumption, with a particular focus on the dual role of social security. Key findings reveal the following: (1) EPU stimulates essential consumption but suppresses discretionary consumption among rural residents; (2) social security levels significantly mediate the EPU-consumption relationship; and (3) threshold analysis reveals nonlinear dynamics—the positive marginal effect of EPU on consumption progressively diminishes as social security levels increase. These findings advance the theoretical understanding of EPU transmission mechanisms while providing policymakers with evidence to optimize social security systems to stabilize rural household consumption.https://doi.org/10.1057/s41599-025-04955-0 |
| spellingShingle | Renxing Chen Yu Hu Yixin Xue Xiaotian Zhang Social security as a buffer: examining the relationship between economic policy uncertainty and rural consumption Humanities & Social Sciences Communications |
| title | Social security as a buffer: examining the relationship between economic policy uncertainty and rural consumption |
| title_full | Social security as a buffer: examining the relationship between economic policy uncertainty and rural consumption |
| title_fullStr | Social security as a buffer: examining the relationship between economic policy uncertainty and rural consumption |
| title_full_unstemmed | Social security as a buffer: examining the relationship between economic policy uncertainty and rural consumption |
| title_short | Social security as a buffer: examining the relationship between economic policy uncertainty and rural consumption |
| title_sort | social security as a buffer examining the relationship between economic policy uncertainty and rural consumption |
| url | https://doi.org/10.1057/s41599-025-04955-0 |
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