Research On The Demographic Characteristics Of Financial Exclusion

Financial exclusion means the inability of some societal groups to access financial service.We may ask,which demographic characters influenced by financial exclusion,and what abilities are they lacking to access the financial service? With these issues,the main content of this paper is to research on the demographic characteristics of financial exclusion,and find out the reason for population being excluded from financial services.China has set the development target of financial inclusion in the “Chinese Thirteen Five Planning Text”,which committed to vulnerable groups obtain convenient and safe financial services.But the financial exclusion problem still exists,which hinder the development of financial inclusion.In order to successfully complete the financial inclusion goals,the first thing need to address is the issue of financial exclusion.The background of this paper is the development target of financial inclusion,the significance of this paper are provide empirical support for the research on demographic characteristics of financial exclusion,provide theoretical basis for solving the financial exclusion of vulnerable groups,and provide scientific advice for promoting China financial inclusion.The contributions of this paper are,discovering the financial exclusion issue in Chinese financial developed areas,by using Beijing macro data.This paper has 4 parts of work.Firstly,through the relevant literature review,this paper summarized the relationship between demographic characteristics and financial exclusion.Secondly,by collecting Beijing macro panel data,this paper finished macro regression analysis,used the Spatial Econometric Model.Thirdly,by collecting Beijing micro data from CHFS,this paper finished micro regression analysis,used the Probit and Logit Model.Lastly,based on the empirical conclusion,this paper gave suggestions to solve financial exclusion issue.Our result suggest that,although in the scope of Beijing,one of the most developed financial area in China,the financial exclusion in the aged,farmer and female groups are still significantly existed,they can't achieve fair treatment of financial services,which harm the individual income and welfare,influence the national economic and society development.To solve the problem of financial exclusion,need the joint efforts of financial institutions and government,the financial institutions should create new products and services so as to meet the needs of vulnerable groups,the government should develop financial innovation so as to decrease the cost of financial service.