| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23798 |
| 来源ID | Working Paper 23798 |
| FinTech Adoption Across Generations: Financial Fitness in the Information Age | |
| Bruce Carlin; Arna Olafsson; Michaela Pagel | |
| 发表日期 | 2017-09-11 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper analyzes how better access to financial information via new technology changes use of consumer credit and affects financial fitness. We exploit the introduction of a smartphone application for personal financial management as a source of exogenous variation. FinTech adoption reduces financial fee payments and penalties, but differs cross-sectionally in the population. After adopting the new technology, Millennials and members of Generation X incur fewer financial fees and penalties, whereas Baby Boomers do not benefit from the technological advance. Millennials and Gen Xers save fees by using their credit cards rather than overdrafts to manage short-term liabilities. Moreover, Millennials shift some of their spending to discretionary entertainment, whereas members of Generation X remain more austere. Finally, while men tend to adopt new technology and access information at a higher rate, the economic impact of access is larger for women. |
| 主题 | Microeconomics ; Households and Firms ; Economics of Information |
| URL | https://www.nber.org/papers/w23798 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581472 |
| 推荐引用方式 GB/T 7714 | Bruce Carlin,Arna Olafsson,Michaela Pagel. FinTech Adoption Across Generations: Financial Fitness in the Information Age. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23798.pdf（498KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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