Research On The Impact Of Digital Financial Inclusion On Household Income Gap

In recent years,China's economic development is relatively rapid,the wealth level of residents is constantly improving,but the gap between the rich and the poor is still high.The income gap has always been a serious problem facing our society.The widening of the income gap will bring adverse effects on the long-term development of our economy and affect the social harmony and stability.In order to eliminate poverty and allocate financial resources reasonably,the United Nations puts forward the concept of inclusive finance.Digital inclusive finance further expands the scope of financial services,reduces service costs and improves efficiency,providing diversified financial services to farmers and low-income groups.Therefore,it is important to study the relationship between digital inclusive finance and household income gap.Firstly,the thesis combs the status of digital inclusive finance and income gap in China,use the data of China Family Panel Studies in 2014 and 2016(CFPS),and adopts mixed effect model to focus on the analysis of the impact of digital inclusive finance on China's household income gap,and carries out the corresponding robustness test.Secondly,it focuses on the entrepreneurial mechanism of digital inclusive finance on household income gap.Finally,according to urban and rural areas,financial development level,human capital,it analysis different effects of digital inclusive finance on China's household income gap.The study found that digital inclusive finance would narrow the household income gap.In terms of two-dimensional indicators,usage depth and digital support services will narrow the household income gap.Mechanism analysis shows that raising the level of digital inclusive finance will promote family entrepreneurship and narrow the income gap.The analysis of heterogeneity shows that digital inclusive finance has a more significant effect on narrowing the income gap in rural areas.The improvement of digital financial inclusion will significantly narrow the income gap in regions with low financial development.For groups with low human capital,digital inclusive finance has a stronger effect on narrowing the income gap.Based on this,this paper proposes the following Suggestions: China should build a more comprehensive digital inclusive financial system,improve the availability of financial services in rural areas,optimize the allocation of financial resources,improve the entrepreneurial environment and encourage families to start their own businesses and carry out universal education on financial knowledge.