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本文利用珠江三角洲1986—2004年城镇住户调查数据,对中产阶层的财产存量及增量变化等状况进行较为全面的描述,并与中产以下阶层作相应的比较分析。通过研究发现,作为中产阶层主要构成的新中产阶层,其财产变动的特征及原因为:财产拥有量较高并持续增长,是以稳定的高收入为其基础;金融财产增量减少,证券投资涉足不多,既有金融市场长期低迷的因素,更重要的是新中产阶层消费观念与消费文化所起的作用;财产选择的不稳定性,反映出国家分配政策和消费政策的硬引导效应。
Based on the survey data of urban households in the Pearl River Delta from 1986 to 2004, this paper describes the status of property stock and incremental changes in the middle class in more detail and makes a comparative analysis with the following categories of middle class. Through the research, it is found that the characteristics and reasons of the property changes of the new middle class mainly composed of the middle class are as follows: the property ownership is high and continues to grow, and is based on stable high income; the increase of financial assets is reduced; the investment in securities Not much involved, both the long-term financial market downturn factors, more important is the role of the new middle class consumer attitudes and consumer culture; the instability of property choices, reflecting the country’s distribution policy and consumer policy hard-guiding effect.