Can Digital Literacy Improve Rural Households'Financial Vulnerability?
Household financial vulnerability is a matter of national security and household welfare.In the digital age,the influence of personal digital literacy on the financial vulnerability of rural households is an unavoidable problem.Based on the data of the China Household Finance Survey(CHFS)in 2017 and 2019,this paper examines the impact of digital literacy on the financial vulnerability of rural households.The results show that the improvement of digital literacy can significantly inhibit the financial vulnerability of rural households.The endogeneity test is carried out by the instrumental variable method,and the conclusion is still robust after retesting by changing the measure of the core explanatory variable,the measure of the explained variable and the measurement model.Heterogeneity analysis found that in households with high material capital,groups with digital financial behaviors among relatives and friends,and rural areas with high digital infrastructure level,the improvement of digital literacy had a stronger easing effect on the financial vulnerability of rural households.Mechanism analysis shows that the improvement of digital literacy mainly alleviates the financial vulnerability of rural households by improving the level of risk awareness and strengthening the ability to withstand risks.Therefore,it is necessary to further strengthen the construction of rural digital infrastructure,strengthen the education and training of rural residents'digital literacy,and actively guide financial service entities to reduce financial transaction costs,so as to better play the mitigation effect of digital literacy on the financial vulnerability of rural households,and help rural common prosperity achieve social harmony and stability.
Digital LiteracyHousehold Financial VulnerabilityRisk PerceptionRisk Resilience Capability
NETL
NSTL
万方数据
