Digital Finance,Learning by Doing and Household Financial Literacy
This paper explores the impact and mechanism of digital finance on household financial literacy through a dynamic general equilibrium model with the time of financial activities and endogenous financial literacy accumulation.Then,this paper employs the data of the 2019 China Household Finance Survey(CHFS)and uses digital finance participation as an explanatory variable to empirically test the theoretical hypothesis.The results shows that digital finance participation improves the financial literacy level of households by promoting more participation in financial activities,and the promotion effect is stronger in young and old heads of households,heads of highly educated households,households with high income and high asset levels,and urban households.
Digital FinanceDigital Finance ParticipationLearning by DoingFinancial Literacy
NETL
NSTL
万方数据
