Digital literacy,formal employment and wage income:the empirical evidence from the micro data in CHFS
With the further development of digital economy,digital literacy is affecting people's decision-mak-ing behaviors from different aspects.Based on the China Household Finance Survey(CHFS),this paper uses Probit,OLS,2SLS and other models to study the impact of digital literacy on the workers'employment deci-sion-making behaviors and wage income,and introduces such intermediary variables as the information ac-quisition,risk preference,and social capital to empirically examine the working mechanisms of digital litera-cy.It is found that digital literacy can significantly increase the probability of workers entering the formal em-ployment channels and their wage income.Further,digital literacy can affect the workers'employment deci-sion-making and their wage levels through improving their information acquisition ability,risk preference,and social capital level.However,the motivating effects of digital literacy exhibit the significant differences in the families,the towns and countries,and the cities.Furthermore,digital literacy,while directly affecting the wage levels of workers,can indirectly affect them through the promotion of their formal employment.The conclusion is of great significance for the improvement of the labor market environment and the employment quality.
digital literacyformal employmentwage incomehigh-quality employment