Author(s)

Weiguo Huang ¹, Yuanzhen Wu ²

Affiliation(s)

¹ Antai College of Economics and Management, Shanghai Jiaotong University, Shanghai, China
² Shanghai Macduffie Bilingual High School, Shanghai, China

Corresponding Author

Yuanzhen Wu

ABSTRACT

The high savings rate of Chinese families is well-known. Based on data from a family survey, this paper's empirical results show that mobile payments significantly reduce the family savings rate. Easing liquidity constraints, credit constraints, and expanding social networks are the main ways that mobile payment reduces the family savings rate. The results of this paper provide a new perspective for understanding the high savings problem in China.

KEYWORDS

Mobile Payment, Family Savings Rate, Liquidity Constraints, Precautionary Savings

CITE THIS PAPER

Weiguo Huang, Yuanzhen Wu, Family Savings Behavior Change Due to Mobile Payments. Information Systems and Economics (2023) Vol. 4: 56-61. DOI: http://dx.doi.org/10.23977/infse.2023.040908.

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