Research On The Influence Of Digital Inclusive Finance On Resident Income Level And Structure

The main goals of economic and social development during the "14th Five-Year Plan" period include basically synchronizing the growth of residents’ income with economic growth,and significantly improving the distribution structure.As of 2019,the coverage rate of basic financial services in my country’s administrative villages is as high as 99.2%.At the same time,the scale of my country’s digital economy accounts for36.2% of GDP.The wave of "digital technology + inclusive finance" is sweeping.Under the background of focusing on the smooth "domestic cycle",it has a profound social background and practical significance to explore the impact of the development of digital inclusive finance on the income level and structure of urban and rural residents.Taking the respondents of Peking University’s China Family Tracking Survey(CFPS)as the research object,it focuses on the impact of the development of digital inclusive finance in various regions on the income level and structure of local residents.The conclusion of the study shows that digital inclusive finance has significantly contributed to the increase in the total annual household income of residents.In terms of income structure,the development of digital inclusive finance has reduced the operating income of residents.Digital inclusive finance guides low-income groups to achieve non-agricultural employment and increases the wage income of households.The development of digital inclusive finance increases the transfer income of residents by improving the efficiency of fiscal fund allocation.The development of digital inclusive finance increases residents’ participation in the financial market and increases residents’ investment income and property income.This paper has the following research significance: First,it uses a combination of qualitative and quantitative research methods to analyze the development status and income status of digital inclusive finance in Hunan Province and reveal the mode and path of its impact.At the same time,it also analyzes the impact mechanism of the development of digital inclusive finance in my country from the perspective of income structure.From the perspectives of stock and increment,system theory and reductionism,it is beneficial to supplement the research on the application of inclusive finance,which is conducive to a more profound understanding of the laws of Chinese residents’ behavior.Second,starting from the income structure,the study can more clearly see the essential characteristics and laws of the behavior of each micro-subject,in order to explore the micro-mechanism.Third,through the in-depth research on the limited stock resources and psychological motivations of the participants of inclusive finance,by discussing the theoretical plan and institutional guarantee which is compatible and coordinated with the development of digital inclusive finance and the income level and structure of residents in our country,it will help the governments at all levels to promote common prosperity and to improve the structure of income distribution.