Research on the impact of financial expenditure on people's livelihood on residents' happiness: A case study of J City
Lou Hanxiao

china jiliang university，Level 2021, Public Management MPA310018

Abstract: The 14th Five-Year Plan proposes to achieve the goal of "people's well-being to a new level", which requires governments at all levels to implement the people-centered development thought, improve the quality of public services to better guarantee and improve people's livelihood. Finance is the foundation and important pillar of national governance, and is the financial support of governments at all levels to make up for the shortcomings of people's livelihood and provide higher quality public services. Under the theoretical analysis framework of people's livelihood financial expenditure and residents' happiness, this paper empirically analyzes the impact of China's people's livelihood financial expenditure on residents' happiness by using self-designed questionnaire and municipal panel data. It is concluded that the financial expenditure on people's livelihood can significantly improve the happiness of Chinese residents, improve the probability of residents being satisfied with their life, and there is obvious heterogeneity. It is suggested to strengthen the expenditure on people's livelihood, narrow the gap between urban and rural areas, gradually promote the construction of people's livelihood, and actively promote the construction of social equity.

Keywords:People's livelihood finance; Financial expenditure; Residents' happiness; Prefecture-level financial research

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