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

Humanities & social sciences communications, 2024-12, Vol.11 (1), p.569-15 [Peer Reviewed Journal]

The Author(s) 2024. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;EISSN: 2662-9992 ;DOI: 10.1057/s41599-024-03029-x

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  • Title:
    The influence and mechanism of female-headed households on household debt risk: empirical evidence from China
  • Author: Tan, Benyan ; Guo, Yingzhu ; Wu, Yan
  • Subjects: Corporate debt ; Decision making ; Females ; Gender equity ; Households
  • Is Part Of: Humanities & social sciences communications, 2024-12, Vol.11 (1), p.569-15
  • Description: With the development of society, the number of female-headed households is on the rise. Based on the data from the China Household Finance Survey (CHFS) in 2019, this paper establishes a Tobit model to study the influence of female-headed households on household debt risk. Results indicate that female-headed households can substantially reduce household debt risk, and this conclusion still holds after overcoming endogeneity issues. Further tests on the mediating effect reveal that risk aversion and housing property holding have partial mediating effects and masking effects, respectively, in the path of female-headed households affecting household debt risk. In addition, the heterogeneity analysis indicates that the influence of female-headed households on household debt risk is more significant in third-tier cities, as well as in families without children, families without elderly members, and families with more than two elderly members. The conclusions of this paper provide a reference for the relevant policy measures to reduce household debt risk and promote gender equality.
  • Publisher: London: Palgrave Macmillan
  • Language: English
  • Identifier: EISSN: 2662-9992
    DOI: 10.1057/s41599-024-03029-x
  • Source: Directory of Open Access Journals
    Coronavirus Research Database
    ProQuest Central

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