7306 
6909信用卡是一项功能性金融基础设施，现有研究多数止步于信用卡的消费溢价效应，尚未关注其终极福祉效应。文章基于萨缪尔森幸福公式，分析了信用卡支付影响主观幸福感的作用机理，阐述了其并联机制和串联机制。在此基础上，文章运用条件混合过程模型评估了信用卡支付对主观幸福感的影响，采用因果中介效应分析方法识别了其作用机制。研究发现，信用卡支付显著侵蚀了持卡人的主观幸福感，幸福侵蚀效应是通过串联机制而非并联机制传导的。具体来说，信用卡支付经由欲望膨胀渠道和消费实现渠道所构成的串联机制，降低了持卡人的主观幸福感。另外，信用卡支付的幸福侵蚀效应会因使用动机、家中地位以及城乡和地区差异而表现出异质性。
信用卡支付如何影响主观幸福感？—基于萨缪尔森幸福公式的研究
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引用本文
傅联英. 信用卡支付如何影响主观幸福感？—基于萨缪尔森幸福公式的研究[J]. 财经研究, 2018, 44(3): 32–44.
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