Moving up toward sustainable development: Digital finance and income mobility
Zhu Yan,
Jing Jian Xiao,
Qiong Sun
Abstract:The fact that financial exclusion leads to income inequality is detrimental to sustainable economic growth. Digital finance facilitates the provision of financial services to poor people and has the potential to promote income mobility so that to reduce income inequality. This study uses the Digital Financial Inclusion Index and household data from the China Household Finance Survey to examine the association between digital finance and households’ income mobility. Results show a significantly positive associa… Show more
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