Research on Income Structure and Family Happiness of Chinese Residents

This paper uses Chinese micro survey data to construct a sort selection model. By considering the income level and urban-rural differences, the heterogeneous relationship and influence mechanism between income structure and happiness are systematically studied, and the results of the study pass the test of robustness. The empirical results show that the coverage of operating income is wider, the impact on the happiness of low and middle income families is more significant, and the income of business income and happiness is "U" type; wage income is only certain for the happiness of middle-income families. The significant influence, the relationship shows a "U" type; the transfer income is more likely to affect high-income families, and the relationship between income and happiness is inverted "U" type; property income is not statistically significant under the above circumstances. The policy meaning of this paper is: to improve the happiness of residents, starting from the income level and income structure, focusing on improving the family's operating income and property income.