数字金融发展与家庭教育支出增长——基于CFPS面板数据的实证分析  

Digital Financial Development and Family Education Expenditure Growth——Empirical Analysis Based on the CFPS Panel Data

作　　者：闫思宇 程雅雯 陈晓宇[1] YAN Si-yu;CHENG Ya-wen;CHEN Xiao-yu(Graduate School of Education/Institute of Education Economics,Peking University,Beijing 100871,China)

机构地区：[1]北京大学教育学院/教育经济研究所,北京100871

出　　处：《山西财经大学学报》2023年第5期43-54,共12页Journal of Shanxi University of Finance and Economics

摘　　要：基于北京大学数字普惠金融指数和中国家庭追踪调查数据,构建双向固定效应模型,分析数字金融发展对家庭教育支出的影响及传导机制。研究发现,数字金融发展增加了家庭教育支出。机制分析表明,家庭教育支出的增长得益于数字金融发展对家庭流动性约束及预防性储蓄动机的缓解。异质性分析表明,数字金融发展更有利于家庭物质或文化资本水平较低的弱势群体,且在金融发展低水平地区作用更明显,这体现了数字金融发展的普惠性。Based on the Peking University Digital Financial Inclusion Index and CFPS data,this article constructed a two-way fixed effect model to analyze the influence and its transmission mechanism of digital finance on family education expenditure.The results showed that,digital financial development has increased family education expenditure.Mechanism analysis indicated that,the increase of family education expenditure benefited from the relief effect of digital financial development on family liquidity constraints and precautionary savings motivation.Heterogeneity analysis found that,digital financial development was more beneficial to the disadvantaged groups with a lower level of family material capital or cultural capital,and the regions with a lower level of financial development,which reflected the inclusiveness of digital financial development.

关 键 词：数字金融 家庭教育支出 普惠性 流动性约束 预防性储蓄动机 

分 类 号：F832[经济管理—金融学] G40-054[文化科学—教育学原理]