The Impact of Digital Infrastructure Construction on Household Consumption
Improving digital infrastructure is of great significance for enhancing residents'utility levels and people's wellbeing.Using the China Household Finance Survey data and leveraging the"Broadband Chi-na"strategy as a quasi-natural experiment,this paper constructs a staggered difference-in-differences model to evaluate the impact of digital infrastructure on household consumption.The study finds that the advance-ment of digital infrastructure significantly increases household consumption,with various robustness tests sup-porting this conclusion.Mechanism tests show that digital infrastructure development enhances household con-sumption by promoting employment and increasing the availability of household credit.Heterogeneity analysis reveals that digital infrastructure development has a greater promoting effect on household consumption for fam-ilies with lower human capital,middle-aged and elderly families,and families in the central and western re-gions.Therefore,it is essential to continue advancing digital infrastructure construction,bridge the digital di-vide,enhance the inclusiveness of the digital economy,meet diverse household consumption needs,and cre-ate favorable conditions for expanding domestic demand and improving the quality of living for residents.
Digital infrastructureHousehold consumptionEmployment levelCredit constraint
NETL
NSTL
万方数据
