Comprehensively promoting consumption and accelerating the quality improvement and upgrading of consumption are important tasks for China's strategy of expanding domestic demand.Based on the 2019 China Household Finance Survey(CHFS)data and from the micro perspective of the family,this study explores the moderating effect of digital finance on the relationship between social insurance and household consumption so as to seek the ways to further unleash domestic consumption potential.The research results indicate that firstly,digital finance has a positive moderating effect on the relationship between social insurance and household consumption,i.e.,the potential of social insurance enhancing consumption will be further released with the development level of digital finance improving;secondly,the moderating effect of digital finance has structural characteristics,and compared to survival-oriented consumption,digital finance has a greater positive moderating effect on the relationship between social insurance and development-oriented consumption;and finally,the moderating effect of digital finance is stronger in households with higher levels of financial knowledge,lower income levels,poorer health conditions,younger household head,and located in rural areas.In this regard,relevant policies can be introduced from the aspects of supporting the development of digital finance,leveraging the synergistic effect of social insurance and digital finance,strengthening financial education etc.so as to boost resident consumption and promote consumption upgrading and achieve high-quality economic development.
关键词
社会保险/数字金融/居民消费/调节效应
Key words
social insurance/digital finance/resident consumption/moderating effect
维普
万方数据