数字金融对家庭金融脆弱性的影响研究  

The Impact of Digital Finance on Household Financial Fragility

作　　者：马彧菲[1] 王媛媛[2] 熊德平 MA Yufei;WANG Yuanyuan;XIONG Deping(Yunnan University of Finance and Economics,Kunming 650221,Yunnan,China)

机构地区：[1]云南财经大学金融学院,云南昆明650221 [2]云南财经大学,云南昆明650221

出　　处：《东北农业大学学报（社会科学版）》2022年第6期24-35,共12页Journal of Northeast Agricultural University:Social Science Edition

基　　金：云南省教育厅科学研究基金研究生项目“数字金融对家庭金融脆弱性的影响研究”(2022Y504);国家自然科学基金面上项目“中国农村普惠金融发展的市场竞争机制、生成条件与政策创新——基于金融市场竞争溢出效应和门槛效应及其影响因素的实证”(71873118)。

摘　　要：文章基于中国家庭金融调查(CHFS)2019年的数据,通过Probit模型,实证分析我国数字金融对家庭金融脆弱性的影响及其基本机制。结果表明:(1)数字金融对家庭金融脆弱性有显著的缓解作用;(2)对数字金融不同维度分析后,回归结果依然稳健,其中数字理财对家庭金融脆弱性的缓解作用最大;(3)异质性分析显示,数字金融对家庭金融脆弱性的缓解作用在低收入家庭以及农村家庭中更为显著;(4)机制分析显示,数字金融通过两种机制降低家庭金融脆弱性,即缓解流动性约束和提高金融素养。因此,应大力推广数字金融,尤其重视农村地区的数字改革;适度缓解家庭流动性约束,完善信贷制度;提升家庭金融素养,培养金融风险意识。Based on the data of China Household Finance Survey(CHFS) in 2019, this paper empirically analyzes the impact of digital finance on household finance vulnerability and its basic mechanism through Probit model. The results show that:(1) Digital finance significantly alleviates household financial vulnerability;(2) After dividing the different dimensions of digital finance, the regression results are still robust, and digital finance has the greatest alleviating effect on household financial vulnerability;(3) Heterogeneity analysis shows that digital finance has a certain easing effect on household financial vulnerability, which is more significant in low-income families and rural families;(4) Mechanism analysis shows that digital finance reduces household financial vulnerability through two mechanisms, namely easing liquidity constraints and improving financial literacy. The research results of this paper will help to better understand the relationship between digital finance and household financial vulnerability, and on this basis, provide new ideas and empirical evidence for how to reduce household financial vulnerability.

关 键 词：数字金融 家庭金融脆弱性 金融素养 流动性约束 

分 类 号：F832.35[经济管理—金融学]