文章基本信息

标题：Save for Safe: Effect of COVID-19 Pandemic on Consumers' Saving and Spending Behavior in China
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作者：Jin, Xiaotong ; Zhao, Yurou ; Song, Wei 等
期刊名称：Frontiers in Psychology
电子版ISSN：1664-1078
出版年度：2021
卷号：12
页码：1007
DOI：10.3389/fpsyg.2021.636859
出版社：Frontiers Media
摘要：In public health emergencies, people are more willing to save money rather than spending it, which is not conductive to economic development and recovery. Due to the absence of relevant research, the internal logic of this phenomenon is not clear. In the context of the COVID-19 pandemic, this study systematically explored whether and why public health emergencies stimulate consumers’ preference for saving (vs. spending). We conducted two online surveys and used methods including stepwise regression analysis and bootstrapping to test the hypotheses. The first survey, with 1,511 participants from China in February 2020, indicates that the severity of emergencies has a significant positive impact on the populations’ willingness to save (vs. spend). Risk perception plays a mediating role between the severity of emergencies and consumers’ saving (vs. spending) willingness. Materialism plays a moderating role between risk perception and an individual’s saving (vs. spending) willingness, individuals who are more materialistic have a lower saving (vs. spending) willingness when they perceive the risks of the pandemic. To verify the duration of the above effects, we conducted a follow-up survey consisted of 466 instances in August 2020. It is noteworthy that the above effects are not significant during the post-pandemic period. Thus, spending behavior in public health emergencies can be motived by reducing risk perception and increasing materialism. These findings can provide a valuable inspiration for public health, crisis management, and economic recovery during public health emergencies.
关键词：COVID-19; saving and spending; Risk Perception; materialism; Post-pandemic