摘要
数字技术与普惠金融的深度融合,对家庭经济行为产生深刻影响,为解决农户家庭过度负债难题提供了契机。通过匹配2019年中国家庭金融调查数据(CHFS)和2018年北京大学数字普惠金融指数,构建主客观的农户家庭过度负债指标,来考察数字普惠金融对农户家庭过度负债的影响。研究发现,数字普惠金融的发展显著降低了农户家庭过度负债的概率,这种抑制作用具有异质性,主要通过缩小数字鸿沟、缓解信息不对称的机制渠道来实现,尤其对中西部地区、非贫困县和有非正规信贷需求、风险规避型态度的农户家庭更明显。这说明,数字金融展现出普惠性和包容性的独特优势。上述发现在更换关键变量的度量指标和处理内生性问题后,结果都是稳健的。基于以上研究提出加强数字基础设施建设,弥补数字鸿沟,促进数字金融包容性发展,使农户家庭控制其债务状况并受益,这对于改善农民生活、实现乡村振兴具有重要的推动作用。
The deep integration of digital technology and inclusive finance has a profound impact on household economic behavior and provides an opportunity to solve the problem of excessive debt of peasant households.Based on the data from the 2019 China Household Finance Survey(CHFS)and the 2018 Digital Financial Inclusion Index of Peking University,this paper investigates the influence of digital finance on over-indebtedness of rural households by constructing the subjective and objective index of over-indebtedness.It is found that the development of digital inclusive finance significantly reduces the probability of excessive debt of peasant households,and this suppression effect is heterogeneous and mainly achieved through the mechanism channels of narrowing the digital divide and alleviating information asymmetry;this is especially true for the rural households in central and western regions,non-poor counties and those with informal credit demand and risk-averse attitude;which shows digital finance’s unique advantages of inclusion.These findings were robust after changing the measures of key variables and dealing with endogeneity.Based on the above research,this paper proposes to strengthen the construction of digital infrastructure,bridge the digital divide,and promote the inclusive development of digital finance to help rural households control their debt situation,which will play an important role in improving farmers’lives and realizing rural revitalization.
作者
李奥
桑晨颖
吕勇斌
LI Ao;SANG Chenying;LYU Yongbin(School of Economics and Finance,Zhongnan University of Economics and Law,Wuhan,Hubei 430073,China)
出处
《金融教育研究》
2022年第1期15-29,46,共16页
Research of Finance and Education
基金
国家社会科学基金项目“空间视角下包容性金融不平衡发展与再平衡发展研究”(18BJL077)
高等学校学科创新引智计划资助(B21038)。
关键词
数字金融
普惠金融
农户家庭
过度负债
数字鸿沟
Digital finance
Inclusive finance
Rural households
Over-indebtedness
Digital divide
