Impact of mobile payment adoption on household expenditures and subjective well‐being

IF 2 4区经济学 Q2 DEVELOPMENT STUDIES

Review of Development Economics Pub Date : 2023-09-26 DOI:10.1111/rode.13054

Quan He, Wanglin Ma, Puneet Vatsa, Hongyun Zheng

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引用次数: 0

Abstract

Abstract This paper estimates the effects of mobile payment adoption on household expenditures and people's subjective well‐being. We consider four categories of household expenditures (that on clothes, durable goods, consumer goods, and cultural and leisure activities) and four indicators (life satisfaction, contentment, income satisfaction, and depression) of subjective well‐being. We use the Augmented Inverse Probability Weighting estimator to analyze the 2017 Chinese General Social Survey data while accounting for the selection bias inherent in mobile payment adoption. The empirical results show that people's decisions to adopt mobile payment are positively associated with their educational levels, car ownership, social interaction, internet penetration rate, and residential location. Mobile payment adoption significantly increases household expenditures on consumer goods and cultural and leisure activities but not on expenditures on clothes and durable goods. Moreover, mobile payment adoption significantly decreases people's contentment while increasing depression. We also find that mobile payment adoption significantly decreases the contentment of urban people but significantly increases the depression of rural people.

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移动支付对家庭支出和主观幸福感的影响

摘要本文估计了移动支付的采用对家庭支出和人们主观幸福感的影响。我们考虑了四类家庭支出(服装、耐用品、消费品、文化和休闲活动)和主观幸福感的四个指标(生活满意度、满足感、收入满意度和抑郁感)。我们使用增广逆概率加权估计器来分析2017年中国综合社会调查数据，同时考虑移动支付采用中固有的选择偏差。实证结果表明，人们采用移动支付的决定与他们的教育水平、汽车保有量、社会互动、互联网普及率和居住地点呈正相关。移动支付的采用显著增加了家庭在消费品和文化休闲活动上的支出，但没有增加在服装和耐用品上的支出。此外，移动支付的采用显著降低了人们的满意度，同时增加了人们的抑郁情绪。我们还发现，移动支付的采用显著降低了城市人的满意度，但显著增加了农村人的抑郁感。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Development Economics Multiple-

CiteScore

3.20

自引率

6.20%

发文量

109

期刊介绍： The Review of Development Economics is a leading journal publishing high-quality research in development economics. It publishes rigorous analytical papers, theoretical and empirical, which deal with contemporary growth problems of developing countries, including the transition economies. The Review not only serves as a link between theorists and practitioners, but also builds a bridge between development economists and their colleagues in related fields. While the level of the Review of Development Economics is academic, the materials presented are of value to policy makers and researchers, especially those in developing countries.