Are Artificial Intelligence Applications Affecting Household Debt?——Empirical Evidence from the China Household Finance Survey(CHFS)
Based on the 2015 and 2017 China Household Finance Survey(CHFS)data,this paper examines the impact of AI applications on household debt and verifies the mechanism of interaction between the two from the credit supply and demand channel.The results of the study show that AI applications inhibit the rise in the size of household debt.The results of the heterogeneity test indicate that AI applications are more likely to dampen the debt expansion of households headed by low education levels,rural households,households in the western region,and households in regions with low human capital stock.The results of the mechanism of action test indicate that AI applications dampen the rise in household debt mainly by tightening the supply of credit and thus.
artificial intelligence applicationsfamily debtlabor employmentcredit supply and demand
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NSTL
万方数据
