Does financial inclusion help alleviate household poverty and vulnerability in China?

Youxue Jiang and Yangyi Liu

PLOS ONE, 2022, vol. 17, issue 10, 1-21

Abstract: This paper investigates the impact of financial Inclusion on household poverty and vulnerability by constructing a household financial inclusion index using the China Household Finance Survey 2015. It is found that financial Inclusion significantly reduces the probability of poverty and vulnerability of households and has a more significant impact on vulnerable groups such as rural and urban low-income people. Further, financial Inclusion has a more significant effect on poor families that do not receive government support for poverty alleviation and can complement co-insurance mechanisms to help families better cope with vulnerabilities caused by synergistic community shocks. Finally, promoting entrepreneurship and improving risk management capabilities are the main channels of financial Inclusion.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0275577

DOI: 10.1371/journal.pone.0275577

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