数字普惠金融发展与农村居民主观幸福感

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-09-23 DOI:10.1016/j.frl.2025.108530

Lihao Shen , Zhengrong Li , Shuo Wang

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引用次数: 0

摘要

本文利用2010-2022年中国家庭面板研究（CFPS）数据和北京大学中国数字普惠金融指数，研究了数字普惠金融（DIF）对农村居民主观幸福感（SWB）的影响。我们发现，DIF显著增强了农村居民的主观幸福感，在考虑了个人、家庭和地区的协变量并解决了内生性问题后，这一结果仍然强劲。分析表明，这种效应的主要途径有两个：提高工作满意度和提高经济效益。这种积极效应在低收入群体和受教育程度较低的居民中更为明显，凸显了DIF在缓解金融排斥和促进社会公平方面的作用。本研究为数字金融在乡村振兴和公共福祉中的作用提供了微观层面的证据。JEL分类：300、390、410、490、810

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The development of digital inclusive finance and rural residents’ subjective well-being

This paper examines the impact of digital inclusive finance (DIF) on the subjective well-being (SWB) of rural residents, using 2010–2022 China Family Panel Studies (CFPS) data and the Peking University Digital Financial Inclusion Index of China. We find that DIF significantly enhances the SWB of rural residents, a result that remains robust after accounting for a comprehensive set of individual, household, and regional covariates and addressing endogeneity. The analysis reveals two primary channels for this effect: improving job satisfaction and raising economic benefits. The positive effect is more pronounced among low-income groups and less-educated residents, highlighting DIF’s role in alleviating financial exclusion and promoting social equity. This study provides micro-level evidence of digital finance’s role in rural revitalization and public well-being.

JEL classifications

300, 390, 410, 490, 810

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance