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The influence and mechanism of female-headed households on household debt risk: empirical evidence from China

Economics

The influence and mechanism of female-headed households on household debt risk: empirical evidence from China

B. Tan, Y. Guo, et al.

This groundbreaking research by Benyan Tan, Yingzhu Guo, and Yan Wu explores how female-headed households in China significantly reduce household debt risk. Analyzing data from the 2019 China Household Finance Survey, the study reveals critical insights into risk aversion and housing property impacts. Discover how these findings can influence policies for improved financial stability and gender equality.

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Playback language: English
Abstract
This paper investigates the impact of female-headed households on household debt risk in China using data from the 2019 China Household Finance Survey (CHFS). Employing a Tobit model and addressing endogeneity issues, the study finds that female-headed households significantly reduce household debt risk. Further analysis reveals that risk aversion and housing property holding partially mediate and mask this effect, respectively. Heterogeneity analysis shows the impact is more pronounced in third-tier cities and families without children or with multiple elderly members. The findings offer insights for policy measures to mitigate household debt risk and promote gender equality.
Publisher
Humanities & Social Sciences Communications
Published On
May 06, 2024
Authors
Benyan Tan, Yingzhu Guo, Yan Wu
Tags
female-headed households
household debt risk
China
Tobit model
risk aversion
policy measures
gender equality

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