Digital skills and household financial asset allocation

Shuo Wang, Chengyou Li, Zeru Wang and Guanglin Sun

Finance Research Letters, 2023, vol. 58, issue PC

Abstract: This research explores the impact of digital skills on household financial asset allocation using data from China Family Panel Studies spanning 2014 to 2020. The findings demonstrate that digital skills contribute to improved allocation of risky assets. They influence financial market participation by enhancing information acquisition and shaping risk attitudes. Moreover, variations emerge in the effect of digital skills based on urban and rural distinctions and wealth disparities. This study sheds light on the dynamic role of digital skills in shaping household financial behaviors and offers insights into reducing wealth inequality.

Keywords: Digital skills; Access to financial information; Risk attitude; Household financial asset allocation (search for similar items in EconPapers)
JEL-codes: G11 O34 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323009388

DOI: 10.1016/j.frl.2023.104566

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