抖音黑料

时间：2026年5月27日10:00-12:00(周三)

地点：中关村校区明德主楼734

主讲人：傅十和 武汉大学经济与管理学院

主持人：张文副教授

题目：Air pollution and consumers’ avoidance behavior: Evidence from high-frequency payment data in China

摘要：

This paper estimates the impact of air pollution on consumers’ offline consumption behavior using high-frequency, bankcard transaction-level payment data from China in 2015 and 2016. Employing a panel regression approach with thermal inversion as the instrumental variable for daily local air pollution exposure, we find a statistically and economically significant, negative relationship between pollution exposure and consumer spending. On average, a 100 μg/m³ increase in daily PM2.5 concentration leads to a 14% reduction in daily offline consumer expenditures paid via bankcards. The adverse impacts are particularly pronounced for spending on deferrable goods, groceries, and daily life services; and consumers significantly reduce outdoor shopping activities—including travel distance to intra-city shopping venues—during periods of elevated pollution, consistent with avoidance behavior. Older individuals, high-spending consumers, and holiday shoppers exhibit stronger response to pollution. Our findings underscore the potential economic co-benefits, in terms of consumption, achievable through policies improving air quality.

主讲人简介：

傅十和，2005年获美国波士顿学院经济学博士学位，现任武汉大学经济与管理学院教授，研究领域为城市经济学、劳动经济学和环境经济学。论文发表在Economic Journal，Review of Economics and Statistics, Journal of Public Economics Journal of Labor Economics以及《经济研究》等国内外期刊上。担任Journal of Regional Science、Environment and Development Economics等期刊副主编。