人口老龄化影响我国数字普惠金融的发展吗?--基于2011-2018年省级面板数据的实证检验

Does Population Aging Affect the Development of Digital Financial Inclusion?An Empirical Test Based on Provincial Panel Data during 2011 to 2018

在我国人口老龄化以及数字普惠金融快速发展的背景下,学界对人口老龄化与数字普惠金融发展的关系却鲜有关注。为此,本文基于我国2011—2018年省级面板数据实证检验人口老龄化对数字普惠金融发展的影响,试图为数字普惠金融发展提供一个人口年龄结构角度的解释。研究发现:人口老龄化显著抑制了数字普惠金融的发展;同时,在人口老龄化水平高的地区、中西部地区和城乡收入差距较大的地区这种抑制作用更强;机制检验表明,人口老龄化通过抑制互联网普及、增强风险厌恶来抑制数字普惠金融的发展。

Under the background of the deepening aging degree and the rapid development of the digital financial inclusion in China,the academic circle has paid little attention to the relationship between the population aging and the development of the digital financial inclusion.Therefore,this paper empirically tests the impact of the population aging on the development of the digital financial inclusion based on the provincial panel data from 2011 to 2018,hoping to provide an explanation from the perspective of the demographic structure for the development of the digital financial inclusion.The results show that the population aging significantly inhibits the development level of the digital financial inclusion.At the same time,the inhibitory effect is stronger in the regions with a high level of aging,the central and western regions and the regions with a large urban-rural income gap.Further mechanism tests show that the population aging inhibits the development of the digital financial inclusion by inhibiting the internet popularization and enhancing the risk aversion.