Impact of population aging on Chinese residents’ consumption: Empirical analysis based on impact of digital inclusive finance

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-05-09 DOI:10.1016/j.frl.2025.107490

Yuhe Chen, Kexin Zhang

引用次数: 0

Abstract

This study empirically examines the impact of the degree of population aging on consumption expenditure in China under the influence of digital financial inclusion. By using the panel data of 31 provinces in China for the period of 2003–2022, this study conducts empirical analysis by using a two-way fixed effects model of time and region. Results show that population aging exerts a significant negative effect on the consumption expenditure of residents in China, and the effect varies in different regions. However, the development of digital inclusive finance can weaken the negative effect of population aging on the consumption expenditure of residents in China.

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人口老龄化对中国居民消费的影响——基于数字普惠金融影响的实证分析

本研究实证检验了数字普惠金融影响下中国人口老龄化程度对消费支出的影响。本文利用2003-2022年中国31个省的面板数据，采用时间与区域的双向固定效应模型进行实证分析。结果表明，人口老龄化对中国居民消费支出有显著的负向影响，且影响程度在不同地区存在差异。然而，发展数字普惠金融可以减弱人口老龄化对中国居民消费支出的负面影响。

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

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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