Digital Financial Literacy and Family Economic Resilience:Analysis Based on CHFS Microscopic Data
Based on the panel data of the 2017-2019 China Household Finance Survey(CHFS),this paper constructs the digital financial literacy and household economic resilience index,and empirically studies the impact and mechanism of digital financial literacy on household economic resilience.The results show that,digital financial literacy significantly improves household economic resilience,which is achieved mainly through promoting the diversification of household livelihoods,that is,stabilizing household diversified income sources and diversifying household investment risks.Heterogeneity analysis finds that digital financial literacy has a more significant enhancing effect on the economic resilience of high-income,high-social network strength,youth and middle-aged households.This study provides a new idea for promoting the cultivation of digital financial literacy of households under the wave of digitalization,and provides a new perspective for improving the ability of households to cope with shocks and economic stability in an uncertain environment.
household economic resiliencedigital financial literacydiversification of livelihoods
万方数据
