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Does internet use drive rural household savings? Evidence from 7825 farmer households in rural China

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  • Zeng, Miao
  • Du, Jiang
  • Zhu, Xiaoyu
  • Deng, Xin

Abstract

Based on the 7825 farmer households from the 2016 China Labor Dynamic Survey Database (CLDS), this study employs the Tobit model and endogenous switching model to empirically investigate the impact of Internet use on rural household savings. This study finds that: (1) Internet use in rural areas significantly promotes rural household savings. (2) Farmers with Internet use and close to the bank, may have higher saving rates than farmers with Internet use and far from the bank. (3) Rural household savings are also closely associated with the characteristics of the household head, household members, and the geographic location of the village.

Suggested Citation

  • Zeng, Miao & Du, Jiang & Zhu, Xiaoyu & Deng, Xin, 2023. "Does internet use drive rural household savings? Evidence from 7825 farmer households in rural China," Finance Research Letters, Elsevier, vol. 57(C).
    • Handle: RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323006475
    DOI: 10.1016/j.frl.2023.104275
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