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2022 Annual Conference

May 19–21, 2022

Sheraton Sand Key, Clearwater Beach, FL, US

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

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Confirm your place in the schedule by going to the ACCI Presenter Confirm Google Sheet and marking your session with the name and email address of the author who will be attending and presenting. Each presentation must have a separate paid registraint. Contact the ACCI Office immedicately by email at admin@consumerinterests.org to report a conflict or if you have questions. Please be sure to reference the session title(s), date(s), and time(s) if you contact us.

A1c Digital Finance and Happiness: Evidence From China

Friday, May 20, 2022 at 2:00 PM–3:30 PM EDT
Room 2
Key Words

digital finance, happiness, financial capability, debt burden, overspending

Short Description

The empirical research on happiness and digital finance has grown enormously during last decade. However, with the rapid growth of digital finance in China, studies about the relationship between digital finance and happiness remain limited. To fill this gap, this study used data from China Household Financial Survey and Peking University Digital Financial Inclusion Index to examine the association between digital finance and happiness. Results showed that the relationship between digital finance and happiness is negative. Mechanism analyses suggested that digital finance is negatively associated with happiness through the increasing debt burden and overspending behavior. Further heterogeneous analyses found that age, debt level and trust can be moderators in the relationship between digital finance and happiness. The results have policy implications for improving digital finance business and consumer subjective well-being.

Submitter

Kexin Meng, Renmin University of China and University of Rhode Island

Authors

Kexin Meng, Renmin University of China and University of Rhode Island
JingJian Xiao, University of Rhode Island
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