Abstract: Migrant workers’ urban consumption is not only the driving force of the economic development of the inflow areas, but also an important indicator of its urbanization. By making use of the OLS model and the method of propensity values matching analysis, this article empirically tests the effects of the basic endowment insurance system for enterprise employees on the urban consumption of migrant workers. The results show that to participate in the employee endowment insurance can promote the consumer spending of the migrant workers, but there is a certain weakening on the role of their consumption levels. The endowment insurance can reduce the risk of future uncertainty, thereby increase consumer spending, but its role is mainly reflected at the side of the basic consumer spending, so that the Engel consumption coefficient of the migrant workers will increase along with the increase of their consumer spending. The government should expand the coverage of migrant workers’ endowment insurance and lower the threshold to receive pension benefits, so as to give better play to the role of the endowment insurance in promoting migrant workers’ urban consumption.

Key words: migrant workers; endowment insurance; urban consumption; Engel Coefficient