A blessing in disguise—The effect of China’s Covid-19 health code system on older people’s mobile payment usage

In early 2020, China launched a health code system to combat the spread of Covid-19. The required health code led to a drastic uptake of smartphone usage among older residents. This paper uses rich commercial data from the Zhejiang Province of China to track the change in consumption among the older...

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Detalles Bibliográficos
Autores principales: Zhu, Jialiang, Liu, Yun, Fang, Ying
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9886392/
https://www.ncbi.nlm.nih.gov/pubmed/36743826
http://dx.doi.org/10.1016/j.frl.2023.103671
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author Zhu, Jialiang
Liu, Yun
Fang, Ying
author_facet Zhu, Jialiang
Liu, Yun
Fang, Ying
author_sort Zhu, Jialiang
collection PubMed
description In early 2020, China launched a health code system to combat the spread of Covid-19. The required health code led to a drastic uptake of smartphone usage among older residents. This paper uses rich commercial data from the Zhejiang Province of China to track the change in consumption among the older population. The paper finds that older people significantly increased spending after switching to mobile payment. The paper contributes to the literature by identifying the unexpected windfall from the effect of the health code mandate on the older population and demonstrating that digital payment works well in the older population.
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spelling pubmed-98863922023-01-31 A blessing in disguise—The effect of China’s Covid-19 health code system on older people’s mobile payment usage Zhu, Jialiang Liu, Yun Fang, Ying Financ Res Lett Article In early 2020, China launched a health code system to combat the spread of Covid-19. The required health code led to a drastic uptake of smartphone usage among older residents. This paper uses rich commercial data from the Zhejiang Province of China to track the change in consumption among the older population. The paper finds that older people significantly increased spending after switching to mobile payment. The paper contributes to the literature by identifying the unexpected windfall from the effect of the health code mandate on the older population and demonstrating that digital payment works well in the older population. Elsevier Inc. 2023-05 2023-01-31 /pmc/articles/PMC9886392/ /pubmed/36743826 http://dx.doi.org/10.1016/j.frl.2023.103671 Text en © 2023 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Zhu, Jialiang
Liu, Yun
Fang, Ying
A blessing in disguise—The effect of China’s Covid-19 health code system on older people’s mobile payment usage
title A blessing in disguise—The effect of China’s Covid-19 health code system on older people’s mobile payment usage
title_full A blessing in disguise—The effect of China’s Covid-19 health code system on older people’s mobile payment usage
title_fullStr A blessing in disguise—The effect of China’s Covid-19 health code system on older people’s mobile payment usage
title_full_unstemmed A blessing in disguise—The effect of China’s Covid-19 health code system on older people’s mobile payment usage
title_short A blessing in disguise—The effect of China’s Covid-19 health code system on older people’s mobile payment usage
title_sort blessing in disguise—the effect of china’s covid-19 health code system on older people’s mobile payment usage
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9886392/
https://www.ncbi.nlm.nih.gov/pubmed/36743826
http://dx.doi.org/10.1016/j.frl.2023.103671
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