数字信用评分与家庭消费：来自中国芝麻信用的证据

IF 4.6 2区经济学 Q1 BUSINESS, FINANCE

Emerging Markets Review Pub Date : 2025-09-22 DOI:10.1016/j.ememar.2025.101372

Jie Li , Wenwen Zhou , Xiaohong Li , Yu Wu

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引用次数: 0

摘要

本研究调查了数字个人信用评分系统的福利增强效应，特别关注家庭消费。利用中国家庭金融调查（CHFS） 2021年和2023年最新的具有全国代表性的微观数据，我们的实证分析表明，蚂蚁集团的数字信贷产品芝麻信用对家庭消费支出具有统计学显著的正向影响。这种刺激作用在发展性消费和享乐性消费中尤其明显。机制分析表明，这种影响主要通过改善信贷可及性和缓解流动性约束来发挥作用。此外，我们的研究结果表明，弱势家庭从芝麻信用中受益更多。

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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Digital credit scoring and household consumption: Evidence from Sesame Credit in China

This study investigates the welfare-enhancing effects of digital personal credit scoring systems, with a particular focus on household consumption. Utilizing the latest nationally representative microdata from the China Household Finance Survey (CHFS) for 2021 and 2023, our empirical analysis demonstrates that Sesame Credit – Ant Group's digital credit product - exerts a statistically significant positive effect on household consumption expenditure. This stimulative effect is particularly observed in developmental and hedonic consumption. Mechanism analysis reveal that this impact operates primarily through improved credit accessibility and the relief of liquidity constraints. Furthermore, our results suggest that vulnerable households benefit more from Sesame Credit.

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来源期刊

Emerging Markets Review Multiple-

CiteScore

7.10

自引率

4.20%

发文量

审稿时长

100 days

期刊介绍： The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.