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Family digital competence, residents' subjective well-being, and tourism consumption levels—A study based on CFPS data

Author

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  • Wang, Shuguang
  • Cheng, Guangbin
  • Chen, Yuanhan

Abstract

Using data from the China Family Panel Studies (CFPS) conducted by the Institute of Social Science Survey at Peking University, this study explores the impact of household digital competence (DigComp) on tourism consumption expenditure and its underlying transmission mechanisms. By constructing a probit regression model and incorporating mediation and moderation effect analyses, along with heterogeneity analysis, the study draws the following conclusions: First, a significant positive correlation exists between household DigComp and tourism consumption expenditure. Second, the application of digital technology has not only enhanced the tourism consumption environment but also improved residents' quality of life and satisfaction, thereby stimulating greater demand for tourism consumption. Furthermore, the positive influence of household DigComp on tourism consumption expenditure is more pronounced among individuals with higher education (those who had spent more years in education). Finally, heterogeneity analysis reveals that the effect of household DigComp on tourism consumption expenditure is most evident in both developed and less-developed regions, whereas it is relatively weaker in moderately developed areas.

Suggested Citation

  • Wang, Shuguang & Cheng, Guangbin & Chen, Yuanhan, 2025. "Family digital competence, residents' subjective well-being, and tourism consumption levels—A study based on CFPS data," International Review of Financial Analysis, Elsevier, vol. 102(C).
    • Handle: RePEc:eee:finana:v:102:y:2025:i:c:s1057521925002017
    DOI: 10.1016/j.irfa.2025.104114
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