Research on the Impact of Digital Finance Use on Economic Vulnerability of Rural Households
Drawing on the data of 2017 and 2019 China Household Finance Survey(CHFS),this paper measures economic vul-nerability of rural households from the dimensions of"insolvency"and"making ends meet",and uses a fixed-effect model to explore the impact of digital finance use on economic vulnerability of rural households.The results show that digital finance use can effectively alleviate economic vulnerability of rural households,and improving financial literacy and optimizing asset allocation are important mech-anisms to play a role in mitigating the effect.Heterogeneity analysis shows that the mitigation effect of digital finance use on economic vulnerability of rural households is more effective in the western region,among people with low educational attainment,and low income.Accordingly,this paper proposes to establish and improve the long-term mechanism for the development of rural digital finance and fully release the advantages of the"long-tail effect",in order to improve the risk resilience of rural households,help the comprehensive re-vitalization of rural areas,and achieve common prosperity for the people.
digital finance useeconomic vulnerability of rural householdsasset allocationfinancial literacy
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