Pandemic, Mobile Payment, and Household Consumption: Micro-Evidence from China

By Taixing Liu, Beixiao Pan, Zhichao Yin. Emerging markets finance & trade, 2020

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ABSTRACT The novel coronavirus disease (COVID-19) outbreak has significantly affected many lives, as indicated by widespread lockdowns and restrictions. This study investigates the impact of COVID-19 on Chinese household consumption. It employs the China Household Finance Survey (CHFS) data and finds that there was a significant decline in household consumption during the outbreak period. Further heterogeneity analysis shows that the pandemic suppresses consumption in urban households; rural households are, however, less affected. Moreover, mobile payment promotes urban household consumption during the pandemic, while rural households remain unaffected.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/b4f40e1d1f49b7513850f3af4f97dbb42c42f8c4