The impact of digital financial development on rural household income mobility

Nana Yang, Xugao Ao and Yongqian Tu

Finance Research Letters, 2024, vol. 63, issue C

Abstract: We explore the mechanisms through which the development of digital finance affects income mobility among rural households. By synthesizing existing literature and empirical data, this paper finds that digital financial development significantly enhances income mobility among rural households, leading to improved income growth and position. Furthermore, developing digital finance promotes entrepreneurial activities among low-income households, thereby enhancing income mobility.

Keywords: Digital financial development; Income mobility; Rural households (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003982

DOI: 10.1016/j.frl.2024.105368

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