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Does financial knowledge contribute to the upgrading of the resident's consumption?

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  • Feng, Xinzhen
  • Du, Gang

Abstract

This paper examines the impact of residents' financial knowledge on the scale and structure of their consumption. The survey data of CHFS in 2017, 2019 and 2021 are selected as the research samples. The study finds that: improved financial knowledge can significantly promote consumption upgrading; the impact of financial knowledge on the scale of residents' consumption has a more significant marginal effect in rural households, divided into urban and rural households; the digital financial inclusion index will significantly weaken the positive impact of financial knowledge on the scale and structure of households' consumption.

Suggested Citation

  • Feng, Xinzhen & Du, Gang, 2023. "Does financial knowledge contribute to the upgrading of the resident's consumption?," Finance Research Letters, Elsevier, vol. 58(PC).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323009078
    DOI: 10.1016/j.frl.2023.104535
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    References listed on IDEAS

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