How does digital finance impact the leverage of Chinese households?

Zerong Wang, Donghao Zhang and Jiancheng Wang

Applied Economics Letters, 2022, vol. 29, issue 6, 555-558

Abstract: In this article, digital inclusive finance positively determines the debt ratio of Chinese households. Through mechanism analysis, we clarify that digital inclusive finance affects household debt ratio by increasing household consumption and relaxing liquidity constraints. Further analysis suggests that digital inclusive finance inhibits household over-indebtedness. These findings imply the tradeoff between deleverage and over-indebtedness of Chinese household sector.

Date: 2022
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DOI: 10.1080/13504851.2021.1875118

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