Access to credit cards and household labor participation: Evidence from China

Dawei Feng, Bing Zeng and Haoyu Hu

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

Abstract: Using two-wave panel data from the China Household Finance Survey (CHFS), this study aims to examine the impact of credit card access on household labor participation in China. The findings reveal a significant positive relationship between credit card use and labor market decision, even after addressing concerns related to endogeneity and conducting various robustness checks. Moreover, it suggests that the act of paying off credit debt could serve as a potential mechanism that motivates household members to join the workforce. There is further evidence indicating that carrying a credit card may enhance work intensity and boost entrepreneurial activity.

Keywords: Household labor participation; Credit card use; Debt repayment; China (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323010565
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pd:s1544612323010565

DOI: 10.1016/j.frl.2023.104684

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().