贵州财经大学学报

贵州财经大学学报 ›› 2025 ›› Issue (02): 64-73.

• 宏观经济 • 上一篇    

社会信用环境对家庭消费的影响:基于供需双侧视角

张磊1, 王焯1, 朱文佩2   

  1. 1. 湘潭大学 商学院, 湖南 湘潭 411105;
    2. 西南财经大学 科研处, 四川 成都 610074
  • 收稿日期:2024-03-19 发布日期:2025-03-21
  • 作者简介:张磊(1992—),男,湖南浏阳人,经济学博士,湘潭大学商学院教授,研究方向为消费经济、收入分配;王焯(2000—),女,湖南湘西人,湘潭大学商学院硕士研究生,研究方向为消费经济;朱文佩(1992—),女,四川成都人,经济学博士,西南财经大学科研处《经济学家》编辑,研究方向为养老金融。
  • 基金资助:
    国家社会科学基金一般项目“中国消费现代化的理论逻辑、动态趋势及政策路径研究”(24BJL004);教育部人文社会科学研究青年基金项目“老龄金融创新支持多层次养老保险体系高质量发展研究”(23YJC840046)

The Impact of Social Credit Environment on Household Consumption: A Dual Perspective of Supply and Demand

ZHANG Lei1, WANG Zhuo1, ZHU Wenpei2   

  1. 1. Business school, Xiangtan University, Xiangtan, Hunan 411105, China;
    2. Department of Research, Southwestern University of Finance and Economics, Chengdu, Sichuan 610074, China
  • Received:2024-03-19 Published:2025-03-21

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摘要： 社会信用建设是提升市场效率、促进经济发展的重要基础。文章利用中国家庭金融调查项目(CHFS)数据,实证检验了社会信用对居民消费的影响效应和作用机制。研究发现,社会信用环境优化能够显著提升家庭人均消费水平,经过稳健性检验和内生性处理后结论依然成立。机制分析表明,社会信用环境优化可以促进企业技术创新,从供给侧提升产品和服务质量进而促进消费;同时还可促进消费信贷,从需求侧缓解家庭资金约束进而促进消费。进一步分析表明,社会信用提升对居民消费的拉动作用在城镇家庭、低抚养比家庭以及正规单位职工家庭中更为明显。文章从社会信用这一制度性视角拓展了促进居民消费的可行路径,为优化社会信用制度供给、增强消费基础性作用提供了经验借鉴。

关键词: 社会信用, 居民消费, 企业创新, 消费信贷, 扩大内需

Abstract: Social credit construction is an important basis for improving market efficiency and promoting economic development. Based on the data of the China Household Finance Survey Project (CHFS), this paper empirically examines the effect and mechanism of social credit on household consumption. It is found that the optimization of social credit environment can significantly improve the per capita consumption level of households, and the conclusion is still valid after robustness test and endogeneity processing. The mechanism analysis shows that the optimization of social credit environment can promote the technological innovation of enterprises, improve the quality of products and services from the supply side, and promote consumption. At the same time, it can also promote consumer credit, ease household capital constraints from the demand side, and promote consumption. Further analysis shows that the driving effect of social credit improvement on residents’ consumption is more obvious in urban households, households with low dependency ratio and households of workers in formal units. From the institutional perspective of social credit, this paper expands the feasible path to promote residents’ consumption, and provides experience for optimizing the supply of social credit system and enhancing the basic role of consumption.

Key words: social credit, household consumption, enterprise innovation, consumer credit, expand domestic demand

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