Education debt and household consumption upgrading: Positive incentives or inhibitions?

ABSTRACT: Household education debt is closely related to household consumption, and education itself is also a developmental high-quality consumption. Based on the panel data of five phases of the China Household Finance Survey (CHFS) from 2013 to 2021, this paper explores the impact of households' education debt on improving household consumption enthusiasm and consumption upgrading with households as the basic unit. The study finds that education debt can significantly promote the upgrading of household consumption. Mechanism analysis shows that education debt can promote the upgrading of household consumption by improving the level of Internet consumption, and there are different degrees of moderating effect on household risk attitude. Heterogeneity analysis shows that household education debt ha

SUBMITTER: Xie M 

PROVIDER: S-EPMC12517517 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature