{"title":"网上支付是否促进了商业保险的购买？来自中国的证据","authors":"Lifei Gao , Dongni Wang , Guojun Wang , Hao Shi","doi":"10.1016/j.iref.2025.103894","DOIUrl":null,"url":null,"abstract":"<div><div>China is a major insurance country, but the insurance density and insurance depth have long been lower than the world average. It has been found in literature that the rapid development of online payments in China promotes individuals' consumption. This research aims to explore whether online payment can promote individuals' purchase of commercial insurance. Using data from the Chinese General Social Survey 2017–2018 and China Household Finance Survey 2017, we apply the probit model, propensity score matching, instrumental variable (IV), placebo test, and other methods to examine impact of online payment on individuals' commercial insurance purchases. We find that online payment can significantly increase the probability of individuals' purchasing commercial medical and endowment insurance, partially by increasing individuals' browsing of Internet information, Internet social interaction and financial literacy. Thus, online payment system development may improve individuals’ risk protection levels.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"98 ","pages":"Article 103894"},"PeriodicalIF":5.6000,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Does online payment promote the purchase of commercial insurance? Evidence from China\",\"authors\":\"Lifei Gao , Dongni Wang , Guojun Wang , Hao Shi\",\"doi\":\"10.1016/j.iref.2025.103894\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>China is a major insurance country, but the insurance density and insurance depth have long been lower than the world average. It has been found in literature that the rapid development of online payments in China promotes individuals' consumption. This research aims to explore whether online payment can promote individuals' purchase of commercial insurance. Using data from the Chinese General Social Survey 2017–2018 and China Household Finance Survey 2017, we apply the probit model, propensity score matching, instrumental variable (IV), placebo test, and other methods to examine impact of online payment on individuals' commercial insurance purchases. We find that online payment can significantly increase the probability of individuals' purchasing commercial medical and endowment insurance, partially by increasing individuals' browsing of Internet information, Internet social interaction and financial literacy. Thus, online payment system development may improve individuals’ risk protection levels.</div></div>\",\"PeriodicalId\":14444,\"journal\":{\"name\":\"International Review of Economics & Finance\",\"volume\":\"98 \",\"pages\":\"Article 103894\"},\"PeriodicalIF\":5.6000,\"publicationDate\":\"2025-03-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Economics & Finance\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1059056025000577\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"2025/1/19 0:00:00\",\"PubModel\":\"Epub\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Economics & Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1059056025000577","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/1/19 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Does online payment promote the purchase of commercial insurance? Evidence from China
China is a major insurance country, but the insurance density and insurance depth have long been lower than the world average. It has been found in literature that the rapid development of online payments in China promotes individuals' consumption. This research aims to explore whether online payment can promote individuals' purchase of commercial insurance. Using data from the Chinese General Social Survey 2017–2018 and China Household Finance Survey 2017, we apply the probit model, propensity score matching, instrumental variable (IV), placebo test, and other methods to examine impact of online payment on individuals' commercial insurance purchases. We find that online payment can significantly increase the probability of individuals' purchasing commercial medical and endowment insurance, partially by increasing individuals' browsing of Internet information, Internet social interaction and financial literacy. Thus, online payment system development may improve individuals’ risk protection levels.
期刊介绍：
The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.
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