Table 1 Variable and data descriptions.

From: Social security as a buffer: examining the relationship between economic policy uncertainty and rural consumption

Variable type

Variable name

Definition

Description

Dependent variable

lnRC

Rural resident consumption expenditures

Consumption expenditures of rural residents in logarithmic terms

lnRSC

Essential consumption

Essential consumption expenditures in logarithmic terms

lnRDC

Discretionary consumption

Discretionary consumption expenditures in logarithmic terms

Core explanatory variable

lnEPU

Economic policy uncertainty

Economic policy uncertainty index in logarithmic terms

Mediator variable

SSR

Social security expenditures

Social security expenditures × 100/General budget expenditures

Control variables

CPI

Consumer price index

Consumer price index/100

lnINC

Rural disposable income per capita

Rural disposable income per capita in logarithmic terms

URB

Urbanization rate

Urban population/Total population

CDR

Child dependency ratio

Population aged 0–14 years/Population aged 15–64 years

ODR

Elderly dependency ratio

Population aged 65 years and over/Population aged 15–64 years

EDU

Educational attainment

Elementary × 6 + Junior high × 9 + Senior high × 12 + Tertiary and above × 15/Total population aged 6 and above

  1. Source: Calculations by the authors.