Excess Sensitivity Analysis on Consumption of Urban Residents;

This article uses the modern consumption theory to study Chinese farmer s consumer behavior and sets up error-correction model as econometric model on the basis of implementing stationarity test to the data of the model, and concludes that the uncertainty, excess sensitivity and the farmer s life-cycle characteristic are important factors to affect farmer s consumer behavior.

Empirical analysis shows that there exists an excessive sensitivity in residents consumption,and that the proportion of the number of consumers whose consumption depends on contemporary income isn t lower than 68%.