EMPLOYMENT TYPE, RESIDENTIAL STATUS AND CONSUMER FINANCIAL CAPABILITY: EVIDENCE FROM CHINA HOUSEHOLD FINANCE SURVEY

Xu Cui, Jing Jian Xiao () and Jingtao Yi
Additional contact information
Xu Cui: School of Business, Renmin University of China, China2Department of Human Development and Family Studies, University of Rhode Island, RI, USA
Jing Jian Xiao: Department of Human Development and Family Studies, University of Rhode Island, RI, USA
Jingtao Yi: School of Business, Renmin University of China, China

The Singapore Economic Review (SER), 2019, vol. 64, issue 01, 57-81

Abstract: Research on consumer financial capability is important for consumer financial wellbeing and emerging in the literature. However, studies on consumer financial capability in the Chinese context remain limited. To fill up the research gap, we used data from the 2011 China Household Finance Survey to investigate whether employment type and residential status were associated with consumer financial capability in China. Consumer financial capability was measured by the range of financial assets. Results from OLS and Poisson regressions showed that people employed in the government-managed system, with urban residence registration and with non-local rural residence registration had a better financial capability than their respective counterparts. The results have policy implications for improving consumer financial education and supporting vulnerable consumers.

Keywords: China Household Finance Survey; financial capability; the government-managed system; household residence registration (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590817430032
Access to full text is restricted to subscribers

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:wsi:serxxx:v:64:y:2019:i:01:n:s0217590817430032

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590817430032

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().