Does the development of the digital economy promote intergenerational social mobility?
Developing the digital economy to boost common prosperity is a focus topic at the moment that has attracted wide attention.As an important measure of common prosperity,whether social intergenerational mobility can be improved in the digital economy era is rarely discussed in the literature.This paper seeks to systematically examine the role of the digital economy on intergenerational income mobility,both theoretically and empirically.The research found that:1)On average,the digital economy significantly reduces intergenerational income autocorrelation,which reflects the improvement of intergenerational mobility.After various ro-bustness tests,the conclusion still holds.2)The mechanism is that the development of the digital economy promotes the accumulation of human capital among family offspring,stimulates city entrepreneurial vitality,and optimizes the economic structure to improve intergenerational mo-bility.3)In rural and inland areas,the effect of intergenerational mobility in the development of the digital economy is better.The research in this paper can provide new policy insights on how to smooth social mobility and achieve common prosperity in the digital age.
digital economyintergenerational income mobilitycommon prosperityhuman capital accumulationentrepreneurial activityeconomic structure
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