How Does Digital Inclusive Finance Affect Households'Over-Indebtedness?——Micro Evidence Based on Subjective and Objective Perspectives
Using the data of the China Household Finance Survey Project in 2015,2017,2019 and the Peking University Digital Inclusive Finance(DIF)Index,we empirically analyze the impact of DIF on households'over-indebtedness from both subjective and objective perspectives.We find that DIF can sig-nificantly reduce the possibility of households'over-indebtedness by improving consumption smoothness and optimizing the structure of household debt.Moreover,DIF has a more profound impact on reducing the risk of over-indebtedness of households in rural,central and western regions,with lower education,having only one house or low-income.
digital inclusive financehouseholds'over-indebtednessborrowing
万方数据
