Who needs cash? Digital finance and income inequality

de Moraes, Claudio Oliveira; Roquete, Raphael Moses; Gawryszewski, Gustavo

doi:10.1016/j.qref.2023.07.005

Cited by 9 publications

(2 citation statements)

References 40 publications

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“…The adoption of digital financial services can reduce income gaps more effectively compared to traditional financial services. Additionally, this shift creates efficiency for banks in expanding financial access, as opposed to relying solely on physical methods such as building branches and ATMs (de Moraes et al, 2023), thus, financial institutions can reach a wider audience by providing digital services that are available through computers, cellphones, and other electronic devices. This combination has the potential to significantly increase financial inclusion (Niu et al, 2022).…”

Section: Adoption Of Digital Financial Services In Overcoming Economi...mentioning

confidence: 99%

Digital Financial Literacy and Digital Financial Inclusion in the Era of Digital Disruption: Systematic Literature Review

Desy Wulan Ayuning Gumilar,

Khresna Bayu Sangka,

Salman Alfarisy Totalia

2024

FJMR

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Financial technology in the era of digital disruption has transformed traditional mechanisms of financial services into more efficient. Digital financial literacy has become one of the important digital competencies in order to financial inclusiveness with technology. This article aim to explore publications related to digital financial literacy and digital financial inclusion and their impact regarding economic inequality and financial well-being.This article uses the method of systematic literature review with databases from Scopus from 2020-2024.The results found that digital financial literacy is needed to achieve optimization of digital financial inclusion; adoption of digital financial services has the potential to reduce economic and social disparities; digital financial inclusion can encourage increased financial well-being.The expansion of financial services with technology increases the coverage dimension but there are still barriers in the usage dimension.

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Section: Adoption Of Digital Financial Services In Overcoming Economi...mentioning

confidence: 99%

Digital Financial Literacy and Digital Financial Inclusion in the Era of Digital Disruption: Systematic Literature Review

Desy Wulan Ayuning Gumilar,

Khresna Bayu Sangka,

Salman Alfarisy Totalia

2024

FJMR

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“…For instance, trade liberalization reduces price levels, boosts income, and effectively curtails consumption inequality (Cheong and Jung, 2021). Additionally, digital finance interventions were observed to reduce consumption inequality (de Moraes et al, 2023). Government policies also played a crucial role in shaping consumption inequality.…”

Section: Literature Reviewmentioning

confidence: 99%

Unequal Benefits: The Effects of Health Insurance Integration on Consumption Inequality in Rural China

Han,

Yang,

2024

Preprint

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Releasing the consumption potential of rural residents and narrowing the consumption gap is crucial for expanding domestic demand and enhancing social equity. This study leverages data from the China Family Panel Studies (CFPS) spanning the years 2012 to 2018 to analyze the impact of the rural-urban health insurance integration policy on consumption inequality in rural areas and its underlying mechanisms. Employing a staggered difference-in-differences (DID) approach, the analysis reveals that the policy significantly raises consumption levels among middle and high-income groups while concurrently reducing expenditures for the lowest-income bracket, thereby exacerbating consumption inequality. Heterogeneity analysis indicates that the impact of rural-urban health insurance integration on rural consumption inequality is manifested in both consumption structure and life-cycle effects, with the most significant disparities observed in subsistence and enjoyment consumption, particularly among middle-aged and older age groups. Mechanism analysis identifies increased utilization of medical services, the release of precautionary savings among middle and high-income cohorts, and variations in health insurance funding modalities as key drivers of the widening consumption inequality gap. The study concludes with recommendations to progressively advance the establishment of parity in rural-urban integrated health insurance and to prioritize policy support for vulnerable groups, especially the elderly and impoverished households.

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The impact of digital financial usage on resident’s income inequality in China: An empirical analysis based on CHFS data

Hao,

Zhang

2024

Journal of Asian Economics

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Who needs cash? Digital finance and income inequality

Cited by 9 publications

References 40 publications

Digital Financial Literacy and Digital Financial Inclusion in the Era of Digital Disruption: Systematic Literature Review

Digital Financial Literacy and Digital Financial Inclusion in the Era of Digital Disruption: Systematic Literature Review

Unequal Benefits: The Effects of Health Insurance Integration on Consumption Inequality in Rural China

The impact of digital financial usage on resident’s income inequality in China: An empirical analysis based on CHFS data

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