数字普惠金融赋能共同富裕:基于家庭财富流动的视角  

Summaries Digital Inclusive Finance Empowering Common Prosperity:A Perspective on Household Wealth Mobility

作　　者：李小红 张鹏 胡可 Li Xiaohong;Zhang Peng;Hu Ke

机构地区：[1]西南财经大学经济与管理研究院,四川成都610030 [2]西南财经大学经济学院,四川成都610030 [3]成都信息工程大学统计学院,四川成都610103

出　　处：《天府新论》2025年第3期34-47,154,共15页New Horizons from Tianfu

摘　　要：巩固和拓展我国数字经济优势,通过数字化手段促进解决发展不平衡不充分问题,是在高质量发展中实现共同富裕的重要抓手。本文基于多轮次、长周期的中国家庭金融调查数据和数字普惠金融指数数据,使用Order Probit模型,研究了数字普惠金融赋能共同富裕这个主题。研究发现,数字普惠金融发展显著促进了家庭财富流动,并优化了财富流动质量,提升了家庭财富向上流动概率。研究结论通过了多种稳健性检验。在使用了2SLS和工具变量条件混合过程估计法(CMP)两种方法进行内生性处理之后,研究结论依然成立。机制分析表明:在宏观层面,数字普惠金融发展通过拓展覆盖广度、强化发展深度和数字化程度推动家庭财富流动;在微观层面,数字普惠金融通过增强家庭社会互动、促进家庭金融投资行为、增加家庭财产性收入,实现家庭财富流动。异质性分析发现,数字普惠金融发展对女性户主、受教育程度较高户主、年轻户主、城市地区、传统金融发展较好地区的家庭的财富流动边际效应更强。本文的研究结论为促进社会流动提供了可行的实践路径,为数字普惠金融进一步发展指明了方向,提供了从数字普惠金融发展的视角弥补数字鸿沟的重要启示。Consolidating and expanding China′s advantages in the digital economy and leveraging digital means to address imbalanced and inadequate development are crucial for achieving common prosperity through high-quality growth.Based on multi-wave,long-term data from the China Household Finance Survey(CHFS)and the Digital Inclusive Finance Index,this study uses Order Probit model to examine how digital inclusive finance empowers common prosperity.The findings reveal that the development of digital inclusive finance significantly enhances household wealth mobility,improves the quality of wealth mobility,,and increases the probability of upward flow of household wealth.The research conclusions withstand multiple robustness tests and remain valid after addressing endogeneity concerns by using both Two-Stage Least Squares(2SLS)and Conditional Mixed Process(CMP)estimation with instrumental variables.Mechanism analysis indicates that,at the macro level,the development of digital inclusive finance promotes household wealth mobility through expanding coverage and strengthening the depth of development and degree of digitization.At the micro level,it facilitates household wealth mobility by strengthening household social interactions,encouraging household financial investment,and increasing household property income.Heterogeneity analysis shows that the development of digital inclusive finance has a stronger marginal effect on wealth mobility for households headed by females,those with higher education levels,young household heads,and households in urban areas and areas with better traditional financial development.The research conclusion provides actionable policy insights for fostering social mobility,offers guidance for the further advancement of digital inclusive finance,and highlights the importance of bridging the digital divide from the perspective of digital financial inclusion.

关 键 词：共同富裕 数字普惠金融 家庭财富流动 数字经济 高质量发展 

分 类 号：F832[经济管理—金融学]