Based on the panel data of 31 provinces(autonomous regions,municipalities directly under the Central Government)from 2011-2021,this paper empirically analyzes the impact of digital inclusive finance on the development of basic pension insurance and its mechanism by using the intermediary effect model.Research has found that digital inclusive finance can significantly promote the development of basic pension insurance,and both endogeneity processing and robustness testing have reached consistent conclusions.Heterogeneity analysis indicates that"coverage breadth"is a key factor in promoting the development of basic pension insurance;Compared with urban workers,the"depth of use"of pension insurance has a greater impact on urban and rural residents'pension insurance.The degree of digitization has a negative impact on the development of basic pension insurance.Further research has shown that digital inclusive finance promotes the development of basic pension insurance from the demand and supply sides by improving residents'income levels and the efficiency of insurance payment.The conclusion of the article is expected to provide reference for expanding research ideas on digital inclusive finance and promoting the development of basic pension insurance in China.
digital inclusive financepension insuranceincome levelinsurance benefit payment
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