Climate Risks,County-level Financial Service Capability and Farmers'Financial Vulnerability
Using data from the China Household Finance Survey,this study investigates the impact of climate risks on farmers'financial vulnerability and the transmission mechanism of county-level financial services in mitigating the nega-tive impacts of climate risks.The main conclusions are as follows.(1)Climate risks significantly increase farmers'finan-cial vulnerability,while increasing the quantity and diversity of county-level financial institutions can help alleviate the negative impacts of climate risks on farmers.(2)Enhancing county-level financial service capability helps farmers increase the proportion of non-agricultural income and the share of financial assets,enabling them to cope with the negative im-pacts of climate risks.(3)Heterogeneity analysis shows that climate risks only have a significant impact on the financial vulnerability of low-income farmers.Compared to middle and high-income groups,the alleviating effect of county-level fi-nancial service capability on climate risks is greater among low-income farmers.Increasing the number of insurance-type financial institutions and rural financial institutions is more conducive to reducing farmers'financial vulnerability com-pared to general financial institutions.
climate changeclimate risksfinancial service capabilityfinancial vulnerability
NETL
NSTL
万方数据
