Research On The Influence Of Inclusive Financial On Human Capital Level In Northwest China

Since the reform and opening up,China’s economic have aggregated.People’s life experiences have reached the stage of development of a moderately prosperous life,and will soon achieve a comprehensive well-off society.China’s development achievements are inseparable from the demographic dividends of the past few decades.It is also the existence of the demographic dividend,which makes China’s human capital use cost lower than other countries,and there is a comparative advantage in economic production.However,with the implementation of the family planning policy and the change of people’s life concept,China’s population structure is changing,the proportion of working-age population is decreasing,and the problem of aging become more prominent,as so as the people’s pension and care pressure.Although the country has followed the two-child policy,the current population structure will still have an impact on economic development due to the long period of population growth.Therefore,it is urgent to cultivate high-quality human capital to reduce the impact of demographic transition on economic development,and the cultivation of human capital can not be limited to traditional education,it needs to develop human capital from a broader perspective and serve the human capital industry.The inclusive finance provides a good foundation in the process of cultivating new kinetic energy,inclusive finance plays an important role in creating a good financing environment and solving the problem of personal and corporate financing difficulties.It will more easily meet the financing needs of human capital investment entities and objects,it also has an impact on the improvement of human capital levels.Therefore,it is necessary to analyze the impact of inclusive finance on human capital.Through preliminary analysis,the paper found that in the whole country,the development of inclusive finance in the northwest region lags behind other regionsseriously,and the phenomenon of population outflow in the northwest region is relatively serious,which makes the problem of human capital in the northwest region with insufficient human capital development more prominent.Therefore,the paper mainly discusses the research background and research significance about northwest region,and analyzes the path of inclusive finance affecting human capital from the perspective of pension pressure,care pressure and life pressure.Put forward relevant assumptions and conduct empirical tests,and finally draw the following conclusions:(1)Inclusive financial development can promote the improvement of human capital level by supporting the development of human capital related institutions and mitigating the financing constraints of human capital investment entities;(2)Due to the crowding out effect on human capital,the pressure of care and employment is not conducive to the improvement of human capital level,and the impact of employment pressure is greater than the adverse impact of child care pressure on human capital;because of the particularity of pension pressure,The impact of human capital levels is unstable;(3)Inclusive finance can slow down the pressure of the elderly and the young people,which indirectly affects the improvement of human capital level,but the effect of other pressures in life such as employment pressure is not significant;(4)Human resources and economic development are conducive to the improvement of human capital,but the role of human resources is unstable.Finally,in view of the above conclusions,relevant suggestions are put forward from the perspective of human capital investment and inclusive financial development.