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Social capital and financial fraud among the elderly11This work was supported by Graduate Research and Innovation Projects of Jiangsu Province [Grant Number: No. KYCX24_1954]

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  • Yao, Wenyun
  • Tang, Minmin
  • Liu, Zihan
  • Ni, Mengjiao

Abstract

Based on data from the 2018 China Health and Retirement Longitudinal Study, this paper analyzes the effect of social capital on the likelihood of financial fraud among individuals aged 55 and above. The results show that social participation increases the risk of financial fraud, while social support and social security reduce the risk. The moderation effects indicate that an increase in life satisfaction weakens the exacerbating effect of social participation on financial fraud; economic support from children strengthens the mitigating effect of social support on financial fraud; and the decline in activity of daily living among older adults weakens the protective effect of social security against financial fraud.

Suggested Citation

  • Yao, Wenyun & Tang, Minmin & Liu, Zihan & Ni, Mengjiao, 2025. "Social capital and financial fraud among the elderly11This work was supported by Graduate Research and Innovation Projects of Jiangsu Province [Grant Number: No. KYCX24_1954]," International Review of Financial Analysis, Elsevier, vol. 101(C).
    • Handle: RePEc:eee:finana:v:101:y:2025:i:c:s105752192500122x
    DOI: 10.1016/j.irfa.2025.104035
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    References listed on IDEAS

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    1. Kelvin R. Utendorf & Rowena A. Pecchenino, 1999. "Social security, social welfare and the aging population," Journal of Population Economics, Springer;European Society for Population Economics, vol. 12(4), pages 607-623.
    2. Brenner, Lukas & Meyll, Tobias & Stolper, Oscar & Walter, Andreas, 2020. "Consumer fraud victimization and financial well-being," Journal of Economic Psychology, Elsevier, vol. 76(C).
    3. Markus H. Schafer & Jonathan Koltai, 2015. "Does Embeddedness Protect? Personal Network Density and Vulnerability to Mistreatment Among Older American Adults," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 70(4), pages 597-606.
    4. Annie L Nguyen & Laura Mosqueda & Nikki Windisch & Gali Weissberger & Jenna Axelrod & S Duke Han & Deborah S Carr, 2021. "Perceived Types, Causes, and Consequences of Financial Exploitation: Narratives From Older Adults [The National Elder Mistreatment Study: An 8-year longitudinal study of outcomes]," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 76(5), pages 996-1004.
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