We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Aging population and digital inclusive finance, a natural experiment from china.
- Authors
Zhou, Jinghong; Ye, Xixi
- Abstract
This paper studies the role played by the digitization level of inclusive finance for the aging population. We leverage an unexpected Chinese national strategy that promotes mobile internet and other internet related integration in China to identify the impact of changes in state policies on the digitization level for inclusive finance in a regression discontinuity design. Although aging population is negatively correlated with the digitization level of inclusive finance, our empirical analysis reveals that the policy shock significantly increased the digitization level of inclusive finance among the aging population. We also find two opposite mechanisms: the income effect and the caring effect. Finally, our study suggests that the economic and social outcomes of the digitization level among aging population are bifurcated: happiness decreased but real estate investment increased.
- Subjects
CHINA; OLDER people; POPULATION aging; HIGH technology industries; REGRESSION discontinuity design; REAL estate investment
- Publication
PLoS ONE, 2023, Vol 18, Issue 11, p1
- ISSN
1932-6203
- Publication type
Article
- DOI
10.1371/journal.pone.0287292