数字普惠金融对贫困脆弱性的影响及其门槛特征

Impact&Threshold Characteristics of Digital Financial Inclusion on Vulnerability to Poverty

基于中国家庭追踪调查数据与数字普惠金融指数相结合的面板数据,考察了数字普惠金融对于家庭贫困脆弱性的影响。研究发现,尽管数字普惠金融在整体上减缓了贫困脆弱性,但是面板门槛回归的结果显示这一影响是非线性的。进一步研究发现,数字普惠金融加重了人均年收入低于2490元的家庭的贫困脆弱性,当家庭人均年收入跨过6248元的门槛值之后才会显著缓解贫困脆弱性。另外,过度负债会削弱数字普惠金融对贫困脆弱性的减缓效应,当家庭负债超过2.97万元后,数字普惠金融对贫困脆弱性的减缓效应会下降。

Based on the panel data of China Family Panel Studies(CFPS)in 2016 and 2018,this paper measures the Vulnerability to Poverty of urban and rural households by using the vulnerability to expected poverty method.The study found that though the digital financial Inclusion can alleviate the vulnerability of households,its impact is non-linear.Further research shows thatdigital financial Inclusion increases the vulnerability of households with per capita annual income below 2,490 yuan,and the vulnerability of households would be significantly alleviated only after the household per capita annual income crossed the threshold of 6,248 yuan.In addition,this paper finds that household debt weakens the mitigation effect of digital finance inclusion on vulnerability.When household debt exceeds the threshold of 29,700 yuan,the mitigation effect will decline.