Abstract：As an effective means to alleviate economic risks, consumer credit is of great significance to reduce household economic vulnerability. This paper, using the China Household Finance Survey (CHFS) data from 2015 to 2019, examines the impact of consumer credit on the household economic vulnerability from the perspective of the usage of credit card. The research results show that the usage of credit card has significantly reduced the household economic vulnerability, and the conclusion is still valid after a series of endogenous check and robustness tests. The results of the mechanism test show that the usage of credit card can effectively reduce household economic vulnerability by promoting household potential investment and labor participation. The results of heterogeneity test show that the usage of credit card has a large impact on household with low material capital, low human capital, and high medical care and dependency burden. Further research has found that the usage of credit card can effectively alleviate the household economic vulnerability in the long term. This paper provides a new idea for the prevention of household economic risk, improve the household ability of risk response and enhance economic resilience, and then achieve common prosperity.
臧旭恒,冯健康,宋明月. 消费信贷对家庭经济脆弱性的影响——基于信用卡使用视角的研究[J]. 浙江工商大学学报, 2023, 37(3): 91-103.
ZANG Xuheng, FENG Jiankang, SONG Mingyue. Impact of Consumer Credit on Household Economic Vulnerability: A Study Based on the Perspective of the Usage of Credit Card. Journal of Zhejing Gongshang University, 2023, 37(3): 91-103.
2023, Vol. 37 
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