如何推动中国居民的信用卡消费信贷——基于住房的研究视角  

How to Promote the Consumer Credit of the Chinese Credit Card Holders——Research Perspective Based on Housing

作　　者：廖理[1] 沈红波[2] 苏治[3] 

机构地区：[1]清华大学五道口金融学院,北京100084 [2]复旦大学金融研究院,上海200433 [3]中央财经大学统计学院,北京100081

出　　处：《中国工业经济》2013年第12期117-129,共13页China Industrial Economics

基　　金：国家自然科学基金重点项目"中国城市居民家庭/消费者金融研究"(批准号71232003);国家自然科学基金项目"政府干预与银行贷款监督的有效性研究"(批准号71102016)

摘　　要：信用卡不仅仅是便捷的支付结算工具,也是大众使用最为普遍的消费信贷工具,大力发展以信用卡为代表的消费信贷业务是推动消费增长的重要举措。不同于以往的研究,本文重点关注居民的住房特征对信用卡消费信贷的影响。本文采用某商业银行信用卡中心的微观数据,实证研究结果表明:拥有自有住房的居民,其信用卡的消费信贷程度和使用频率都不高,住房的财富效应当前在中国并不存在。相比租房,采用分期付款的居民其信用卡的消费信贷金额和使用频率较低,这表明当前较高的房价抑制了中产阶级的消费信贷,住房对消费存在着挤出效应。为了进一步推动中国的信用卡消费信贷,促进经济增长,应采用市场调节为主、政府干预为辅的措施。政策应该从稳定房价预期出发,并实施收入分配改革、个人所得税改革和消费者权益保护等措施,使经济成果向中低收入群体倾斜,增加中国社会整体的消费信贷能力。The credit card is not only a convenient payment and settlement tool, but also has become the most popular consumer credit tool. The development of consumer credit services is an important measure to promote the credit consumption. Distinguished from the previous studies, this paper pays attention to the impact of resident housing characteristics on consumer credit. The micro-data from a commercial bank credit card center are applied in this paper to illustrate the impacts of Chinese residents housing characteristics on the credit card consumer credit for the first time. The study shows that, residents who own houses show low degree of consumer credit and frequency, which indicates there exists no housing wealth effect in China. Compared with renting, residents using installment plans indicate a relatively lower consumer credit and frequency, which implies that the high house prices restrain the consumer credit of middle class, housing has the crowding-out effect on consumption. In order to further promote China＇s credit consumption and economic growth, market regulation should be based, supplemented by government intervention measures. Pohcy should start from stable the prices expectation of the house, implement the reform of income distribution, personal income tax reform and consumer protection measures. When the economic achievements favor the low-income groups, the whole Chinese consumer credit ability will increase.

关 键 词：信用卡 住房特征 地域差异 生命周期 

分 类 号：F832.1[经济管理—金融学]