Publication Type |
journal article |
Creator |
Fan, Jessie X., Yu, Zhou |
Title |
Understanding Aging and Consumer Fraud Victimization in the Chinese Context: A Two-Stage Conceptual Approach |
Description |
The relationship between aging and consumer fraud victimization is mixed in the literature. Most studies based on survey data have found older consumers less likely to be fraud victims, while a few studies have found older consumers more likely to be victimized, especially with certain fraud types. We developed a two-stage conceptual framework to differentiate fraud exposure from fraud victimization once exposed. Using nationally representative Chinese data and controlling for cofounders, we found that consumers between 65 and 74 face similar risks of being targeted by perpetrators compared to younger groups, while consumers 75+ and older are less likely to be exposed to fraud. However, once exposed, both groups of older consumers are significantly more likely to become fraud victims. In the Chinese context, these two opposing effects led to an overall higher risk of consumer financial fraud victimization by older consumers. |
Type |
Text |
Publisher |
University of Utah |
First Page |
1 |
Last Page |
26 |
Subject |
Consumer financial fraud; fraud exposure; fraud victimization; fraud delivery methods; China |
Language |
eng |
Rights Management |
(c)Jessie X. Fan; Zhou Yu |
Rights License |
Published in Journal of Elder Abuse & Neglect The relationship between aging and consumer fraud victimization is mixed in the literature. Most studies based on survey data have found older consumers less likely to be fraud victims, while a few studies have found older consumers more likely to be victimized, especially with certain fraud types. We developed a two-stage conceptual framework to differentiate fraud exposure from fraud victimization once exposed. Using nationally representative Chinese data, we found that consumers 65 and older are more likely to be victimized by consumer fraud than their younger counterparts, holding other sociodemographic and economic factors constant. The higher vulnerability is caused by a substantially higher risk of being victimized once exposed to fraud, despite a similar risk for those aged 65-74 and lower risk for those 75+ of being targeted for consumer fraud by perpetrators than younger groups. |
Format Medium |
application/pdf |
ARK |
ark:/87278/s6csfa93 |
Setname |
ir_uspace |
ID |
1937258 |
Reference URL |
https://collections.lib.utah.edu/ark:/87278/s6csfa93 |