The Impact of Urban Residents' Leisure Time on Consumption: --Empirical Test Based on Chinese Data from 1999 to 2019

This paper focuses on the actual impact of Chinese urban residents' leisure time on the consumption. First, the consumption is divided into time-saving consumption and time-consuming consumption based on the differences of time constraints. The leisure time of urban residents is divided into fragmented leisure time and public holidays accordingly. Then a regression model of urban residents' consumption-leisure time has been established and carried out test, based on Chinese data from 1999 to 2019. According to the results, the consumption of urban residents is negatively correlated with working time, while positively correlated with public holidays. This paper further illustrates that it is possible to promote time-saving consumption and time-consuming consumption by making full use of the characteristics of the Internet economy and holiday consumption.