Research on the Impact of Digital Inclusive Finance on Consumption Among Different Social Groups——An analysis based on dual perspectives of population age and income
In the context of high-quality economic development,as China enters an aging society,unleashing the con-sumption potential of older age groups is of significant importance for the healthy development of the economy.This paper ex-amines the impact of digital inclusive finance on household consumption from the dual perspectives of age and income.Using data from the China Family Panel Studies(CFPS)and the Peking University Digital Financial Inclusion Index of China,and employing a panel threshold model,we empirically analyze the extent of the impact of digital inclusive finance on consumption across different age and income groups.Additionally,a moderation effect model is established to explore the underlying reasons.The research results indicate that the promotional effect of digital inclusive finance on household consumption diminishes as age increases but intensifies with rising household income.Internet participation plays a positive moderating role in the influence of digital inclusive finance on household consumption.It is recommended to popularize digital literacy education,vigorously de-velop supporting digital infrastructure,and promote balanced development of digital inclusive financial services to further un-leash the consumption potential of older age groups.
digital inclusive financialhousehold consumptionpanel threshold model
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万方数据
