FinTech adoption and farmers’ wealth distribution: Evidence from a large micro-data in China

Guohua Yu, Yingying Qi and Yimeng Ren

Finance Research Letters, 2025, vol. 72, issue C

Abstract: This study reveals the theoretical mechanism of FinTech adoption in farmers’ wealth distribution, and examines the impact of FinTech adoption on farmers’ wealth distribution. Results show that: In theory, Fintech adoption significantly contributes to farmers’ wealth accumulation and mitigates wealth inequality. FinTech adoption significantly impacts wealth distribution in eastern regions and households with higher income levels. It is also beneficial for optimizing wealth distribution in households with lower education levels, holding liquid assets, and lower financial literacy. FinTech adoption can promote farmers’ wealth accumulation and alleviate wealth inequality via credit availability, information attention, and asset allocation.

Keywords: FinTech; Digital finance; Wealth accumulation; Wealth inequality; Common prosperity (search for similar items in EconPapers)
JEL-codes: D14 D31 E32 E44 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324016507

DOI: 10.1016/j.frl.2024.106621

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