王海军,马鹤桐,李光臣

• 1:北京物资学院经济学院
• 2:辽宁大学国际经济政治学院

摘要(Abstract)：

我国住户部门债务杠杆率持续上升，居民杠杆率已达世界前列。并且，随着数字金融的发展，家庭对互联网的使用会在一定程度上加剧家庭债务水平。本文通过中国家庭追踪调查(CFPS)2012年至2018年的样本数据来研究互联网使用是否增加了家庭债务水平。研究结果表明：第一，互联网使用整体上对家庭债务水平上升有显著影响，互联网使用频率、互联网支出深度和使用渠道均加重了家庭债务水平。第二，网络借贷和网络支付在互联网使用影响家庭债务水平中发挥了调节作用。第三，异质性检验表明，互联网使用对家庭债务水平在环渤海地区与长三角地区家庭、城镇地区家庭、高资产与低学历家庭中有显著影响，在高互联网普及率地区家庭、高GDP地区家庭以及高收入家庭中影响力度更大。第四，采用工具变量法与倾向得分匹配法进行内生性检验后，本文的结论依然稳健。同时稳健性检验结果表明，互联网使用对家庭债务水平影响在滞后1年时依然显著。本文研究丰富了家庭债务成因机制研究，为合理减轻家庭债务水平、防止家庭债务风险溢出提供了新的研究角度。

关键词(KeyWords)： 互联网使用;家庭债务水平;数字金融;网络支付;网络借贷

Abstract:

Keywords:

基金项目(Foundation): 2024年度国家社科基金一般项目“超特大城市重点人群家庭偿债风险评估、预警与防控机制研究”和北京市属高等学校优秀青年人才培育计划项目(编号:BPHR202203158)的资助

作者(Author): 王海军,马鹤桐,李光臣

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• (1)数据来源:国家统计局,https://data.stats.gov.cn/easyquery.htm?cn=E0103。
• (2)数据来源:中国互联网络信息中心,https://www.cnnic.net.cn/。
• (3)数据来源:中国互联网络信息中心,https://www.cnnic.net.cn/。
• (4)数据来源:中国互联网络信息中心,https://www.cnnic.net.cn/。
• (5)数据来源:国际清算银行官网,https://www.bis.org/statistics/totcredit.htm?m=2669。
• (6)数据来源:中国互联网络信息中心,http://www.cnnic.net.cn/。
• (7)信贷业务指数包括互联网消费贷用户占比、人均贷款笔数与人均贷款金额,反映了网络贷款的普及程度。
• (8)数字化指数包括移动支付笔数占比、移动支付金额占比、花呗支付笔数占比和花呗支付金额占比等,反映了网络支付的使用程度。