Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2097103
Mobile payment and subjective well-being in rural China
Yaqian Wu
Chunkai Zhao
Jianhao Guo
Sažetak
We explore the impact of mobile payment usage on the subjective
well-being (S.W.B.) of rural residents in China using unique
data from the China Household Finance Survey (C.H.F.S.). The estimated
results show that using mobile payment has increased the
S.W.B. of rural residents, and this finding still holds through several
robust checks. The mechanism analysis suggests that the
positive effect of mobile payment is partially explained by the
reduction in transaction costs, the promotion in consumption
upgrade, and the increase in social networks. Additionally, the
inclusive financial attributes of mobile payment are verified
through several heterogeneity analyses. Results show that the
positive impact of mobile payment on S.W.B. is more pronounced
in socially vulnerable groups such as the elderly, people with
lower income, or lower education. Our study enriches the
research on the fields of happiness effect of rural financial convenience
and function of inclusive finance and has practical significance
for other developing countries.
Ključne riječi
mobile payment; subjective well-being (S.W.B.); rural China; inclusive finance
Hrčak ID:
304224
URI
Datum izdavanja:
31.3.2023.
Posjeta: 267 *