| ID | 193761 |
| Title Proper | Digital financial inclusion and subjective well-being – Evidence from China health and retirement longitudinal study |
| Language | ENG |
| Author | Lei, Xiaoyan |
| Summary / Abstract (Note) | This study investigates the impact of digital financial inclusion (DFI) on the subjective well-being of China's older population, specifically examining the effects on depression, life satisfaction, and self-reported health status. Drawing on data from the China Health and Retirement Longitudinal Study (CHARLS), our research reveals that the advancement of DFI has a significant positive impact on reducing symptoms of depression and improving the self-reported health status of elderly individuals. Furthermore, our analysis of heterogeneity indicates that these welfare improvements are more pronounced in rural areas compared to urban areas and among the non-multidimensional poverty (non-MP) group rather than the multidimensional poverty (MP) group. Moreover, we find that the impact of DFI on depression is more immediate, while its influence on self-rated health takes longer to manifest. These findings collectively suggest that enhancing digital finance can effectively improve subjective well-being, particularly among vulnerable groups such as the elderly population, individuals facing multidimensional poverty, and those residing in rural areas. The immediate relief of depression and the gradual improvement in self-reported health highlight the policy implications of leveraging digital finance to enhance subjective well-being. |
| `In' analytical Note | China Economic Review Vol. 81; Oct 2023: p.102013 |
| Journal Source | China Economic Review 2023-10 81 |
| Key Words | Digital Financial Inclusion ; Evidence from China health and retirement longitudinal study |