数字金融、居民劳动参与及家庭财务脆弱性  

Digital Finance,Resident Labor Participation and Household Financial Vulnerability

作　　者：黄磊 黄思刚[1] Huang Lei;Huang Sigang(School of Economics,Guizhou University,Guiyang 550025,China)

机构地区：[1]贵州大学经济学院,贵阳550025

出　　处：《技术经济》2023年第12期109-124,共16页Journal of Technology Economics

基　　金：贵州大学经济学院研究生创新基金项目“基于银企视角下的绿色信贷与金融科技”(CJ2022052)。

摘　　要：国内居民劳动参与不足、家庭财务风险隐现,发展数字金融能否破局?基于中国家庭金融调查数据,本文从微观视角探究数字金融对居民劳动参与及家庭财务脆弱性的影响。研究发现,数字金融发展与数字金融使用程度的加深,有助于促进居民劳动参与,降低家庭财务脆弱性。机制分析表明,数字金融通过增加居民创业、吸引劳动力流动促进居民进行劳动参与,居民劳动参与的增加有助于降低家庭财务脆弱性,另外,数字金融降低家庭财务脆弱性的效应还可通过提升家庭金融素养、提高家庭金融资产配置比例来实现。异质性分析表明,不同特征的个体、家庭与地区,数字金融促进居民劳动参与、降低家庭脆弱性的边际效应既存在“数字红利”,也存在多维“数字鸿沟”。本文的结论为优化数字金融发展,利用数字金融来破解居民劳动参与率不足和家庭财务风险激增两大难题提供了政策参考。Domestic residents’labor participation is insufficient,and household financial risks are looming.Can the development of digital finance be helpful?Based on the data of Chinese Household Finance Survey,the influence of digital finance on residents’labor participation and household financial vulnerability from a micro perspective was explored.It is found that the development and use of digital finance are helpful to promote residents’labor participation and reduce household financial vulnerability.The mechanism analysis shows that digital finance promotes residents’labor participation by increasing residents’entrepreneurship and attracting labor mobility,and the increase of residents’labor participation helps to reduce household financial vulnerability.In addition,the effect of digital finance to reduce household financial vulnerability can also be achieved by improving household financial literacy and increasing the proportion of household financial assets allocation.Heterogeneity analysis shows that the marginal effect of digital finance on promoting residents’labor participation and reducing household vulnerability exists both“digital dividend”and multi-dimensional“digital divide”for individuals,households and regions with different characteristics.The final conclusion provides a policy reference for optimizing the development of digital finance and using digital finance to solve the two major problems of insufficient labor participation rate and sharp increase in household financial risks.

关 键 词：数字金融 居民劳动参与 家庭财务脆弱性 数字红利 数字鸿沟 

分 类 号：F830[经济管理—金融学]