Digital financial inclusion, peer effects, and subjective well-being amid gender and urban-rural disparities in response to shocks

This data investigates how digital financial inclusion affects household subjective well-being in Togo, with particular attention to peer comparison effects and household resilience to economic shocks. Utilizing panel data from surveys conducted in 2018-2019 and 2021-2022, the analysis employs an Ordinary Least Squares estimator, controlling for both time-invariant and time-varying unobserved household heterogeneity, to examine how access to digital financial services, such as mobile money and bank accounts, influences self-reported well-being. Our findings indicate that enhanced digital financial inclusion generally reduces subjective well-being through peer comparison effects, particularly in urban areas and among female-headed households. However, its impact varies with shock type: while it may exacerbate vulnerability during idiosyncratic shocks, it serves as an effective resilience tool during systemic shocks such as the COVID-19 pandemic.

本数据集旨在探究数字金融包容性如何影响多哥家庭的主体幸福感，特别关注同侪比较效应和家庭对经济冲击的韧性。利用2018-2019年和2021-2022年间进行的调查的横截面数据，分析采用普通最小二乘法估计量，对时间不变的不可观测家庭异质性和时间变化的不可观测家庭异质性进行控制，以考察对数字金融服务（如移动货币和银行账户）的获取如何影响自我报告的幸福感。研究发现，增强的数字金融包容性通常通过同侪比较效应降低主体幸福感，尤其是在城市地区和女性户主家庭中。然而，其影响随冲击类型而异：在特异冲击期间，它可能加剧脆弱性；而在系统性冲击（如COVID-19大流行）期间，它则成为一种有效的韧性工具。