The influence of digital inclusive finance on household wealth: A study based on CHFS data
Fan Wu,
Fengxiang Cui and
Tao Liu
Finance Research Letters, 2023, vol. 58, issue PC
Abstract:
We examine the role of digital inclusive finance in promoting household wealth growth at the micro level using the survey data from the China Household Finance Survey and Research Center (CHFS) in 2017, 2019 & 2021. The study finds that: the digital inclusive finance is conducive to the promotion of household wealth growth. Digital inclusive finance can promote the accumulation of household wealth by improving the level of entrepreneurship and optimizing the efficiency of financial asset allocation; and the promotion of digital inclusive finance on household wealth growth strengthens with the increase in the amount of household wealth.
Keywords: Digital inclusive finance; Household wealth; Entrepreneurship level; Financial asset allocation (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323008322
DOI: 10.1016/j.frl.2023.104460
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