Does digital financial inclusion promote intergenerational income mobility? Evidence from China

Jing Yang, Danning Lu and Jianxun Shi

Finance Research Letters, 2025, vol. 82, issue C

Abstract: By matching the DFI of Peking University with the CHFS household questionnaire data, this paper empirically finds that digital financial inclusion facilitates intergenerational income mobility, particularly for lower-income households. The mechanism analysis suggests that digital financial inclusion enhances intergenerational income mobility by alleviating household credit constraints, improving educational investment and intergenerational occupational mobility. This positive effect is more pronounced in urban areas, for low-educated fathers and male offspring.

Keywords: Digital financial inclusion; Intergenerational income mobility; Credit constraints; Educational investment; Occupational mobility (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:82:y:2025:i:c:s1544612325008967

DOI: 10.1016/j.frl.2025.107637

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