Mobile Payment and Residents'Happiness—Based on the Perspective of Consumption Intermediary
Based on the data of the China Household Finance Survey,the Oprobit model is used to in-vestigate the impact and mechanism of mobile payment on residents'happiness.The study finds that mobile payment has a positive impact on residents'happiness by promoting their consumption.Heterogeneity analy-sis shows that mobile payment has a stronger effect on the happiness of families in western regions,urban areas,with higher educational levels and high incomes.Therefore,in order to further enhance residents'happiness,it is necessary to continuously promote the use of mobile payment,guide residents to consume appropriately,and improve residents'digital skills,financial literacy and safety awareness.
mobile paymentresidents'happinessresidents'consumptionOprobit modelinterme-diary effect
NETL
NSTL
万方数据
