Digital Financial Inclusion, Income Inequality, and Vulnerability to Relative Poverty

Lijin Liu () and Lu Guo
Additional contact information
Lijin Liu: Renmin University of China
Lu Guo: Jiangxi University of Finance and Economics

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2023, vol. 170, issue 3, No 17, 1155-1181

Abstract: Abstract Governing relative poverty is an indispensable part of achieving inclusive growth. Using data from the China Household Financial Survey, we scientifically investigate the impact of China's development of digital financial inclusion on household vulnerability to relative poverty. The research results show that the development of digital financial inclusion can significantly alleviate the vulnerability to relative poverty of households, and effectively prevent families from falling into a state of relative poverty in the future. The results of the heterogeneity analysis show that the effect of digital financial inclusion in mitigating vulnerability to relative poverty is greater in households with high population dependency ratios, digital tools, and household head education levels. In parallel, there are also significant regional differences in digital finance in mitigating the relative vulnerability of households. Further mechanism research found that the development of digital finance inclusion mainly reduces the probability of families falling into relative poverty in the future by alleviating income inequality, thereby improving the health status of family members, family development-oriented consumption, and family happiness.

Keywords: Digital finance inclusion; Vulnerability to relative poverty; Income inequality; Relative poverty governance (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11205-023-03245-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:soinre:v:170:y:2023:i:3:d:10.1007_s11205-023-03245-z

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

DOI: 10.1007/s11205-023-03245-z

Access Statistics for this article

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement is currently edited by Filomena Maggino

More articles in Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().