Can Digital Financial Inclusion Ease Employment Pressure?—Empirical Evidence from Panel Data of 31 Provinces in China
In recent years,China's economy is booming under the impetus of industrial structure optimization.In order to maintain steady economic development,alleviating the employment problem has become one of the basic prerequisites.Based on the panel data of 31 provinces in China from 2013 to 2022,this study used the Two-way fixed effects model to explore the utility of digital financial inclusion in alleviating employment pressure.We show that the development of digital inclusive finance is conducive to reducing the overall employ-ment pressure in China.What's more,there are regional differences in relieving employment pressure,which is more obvious in the eastern part of China than in the central and western regions.Moreover,we also find that the digital inclusive finance has a better impact on em-ployment in provinces with lower levels of government intervention.Following this logic,we suggest that localities can strengthen the popularization of financial literacy,promote the sink-ing of financial services,develop regional digital inclusive finance according to local conditions and adhere to the principle of moderate government intervention.Our research is conducive to improving the pertinence and applicability of China's digital financial inclusion policies,and can also alleviate overall employment pressure and promote high-quality employment.
digital financial inclusionemployment pressuretwo-way fixed effects model
NETL
NSTL
万方数据
