How Does Financial Literacy Alleviate Farmers'Digital Financial Exclusion?Analysis Based on CHFS Data
The rural households'digital financial exclusion is the core issue that needs to be addressed in the development of rural digital inclusive finance.How can financial literacy,as a key influencing factor for farmers'financial decisions and behavior,alleviate the digital financial exclusion they face?Based on the theoretical analysis,the empirical analysis is conducted by constructing Probit,Ivprobit and other models using the 2019 Chinese household financial survey data.The results show that:financial literacy can significantly alleviate farmers'digital financial exclusion;the alleviation effect of financial literacy on digital financial exclusion is heterogeneous,with a greater impact on the eastern region of China,relatively non-poor groups,and non-traditional financial exclusion groups;financial literacy alleviates digital financial exclusion by enhancing farmers'attention to financial information and risk preference;further research indicates that financial literacy has a significant negative impact on rural households'digital payment exclusion,digital investment exclusion,and digital credit exclusion,but the degree of impact varies.Thus,it is necessary to enhance farmers'financial literacy through multiple and targeted measures.
NETL
NSTL
万方数据
