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Digital skills and household financial asset allocation

Author

Listed:
  • Wang, Shuo
  • Li, Chengyou
  • Wang, Zeru
  • Sun, Guanglin

Abstract

This research explores the impact of digital skills on household financial asset allocation using data from China Family Panel Studies spanning 2014 to 2020. The findings demonstrate that digital skills contribute to improved allocation of risky assets. They influence financial market participation by enhancing information acquisition and shaping risk attitudes. Moreover, variations emerge in the effect of digital skills based on urban and rural distinctions and wealth disparities. This study sheds light on the dynamic role of digital skills in shaping household financial behaviors and offers insights into reducing wealth inequality.

Suggested Citation

  • Wang, Shuo & Li, Chengyou & Wang, Zeru & Sun, Guanglin, 2023. "Digital skills and household financial asset allocation," Finance Research Letters, Elsevier, vol. 58(PC).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323009388
    DOI: 10.1016/j.frl.2023.104566
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    More about this item

    Keywords

    Digital skills; Access to financial information; Risk attitude; Household financial asset allocation;
    All these keywords.

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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