This paper uses macro-micro matching data of China during 2012-2020 to examine the impact of digital in-clusive finance on intergenerational income mobility and its mechanism.It is found that the development of digital inclu-sive finance can help improve intergenerational income mobility in China,especially in promoting upward intergenerational income mobility for low-income families'offspring.This promoting effect shows significant heterogeneity among families in different regions,with different genders of offspring,and in different income classes.Further analysis and testing results in-dicate that digital inclusive finance promotes intergenerational income mobility by alleviating household liquidity con-straints,but at the same time increases the possibility of household debt risks,which in turn suppresses intergenerational income mobility.
关键词
数字普惠金融/代际收入流动性/流动性约束/家庭债务风险
Key words
digital inclusive finance/intergenerational income mobility/liquidity constraints/household debt risk
维普
万方数据