Research On The Impact Of Population Aging On Digital Inclusive Financ

Recently,China’s economic development goal has shifted from rapid economic growth to high-quality economic development.As a rapidly growing new thing,digital inclusive finance has brought new opportunities for China’s economy to achieve highquality development.Developing digital inclusive finance is not only beneficial for improving the financial accessibility of various groups in China and improving people’s life satisfaction,but also for promoting the overall supply side structural reform of finance,helping the high-quality and healthy development of China’s financial industry and overall economy.In recent years,China has been introducing some favorable policies to support the development of digital inclusive finance.But at the same time,digital inclusive finance also faces many emerging or potential challenges,such as the COVID-19 epidemic,the urbanization economy and changes in the age structure of the population.This article aims to explore the impact of population aging on digital inclusive finance from the social perspective of population age structure.As one of the key service targets of digital inclusive finance,the rapid growth of the elderly population will inevitably cause certain changes in the financial market.In order to deeply explore the relationship between the two and its mechanism,this paper combs out the possible impact of population aging on digital inclusive finance through a large number of literature reading,and makes inferences and assumptions.Then it collects relevant indicator data of 31 provinces(urban areas)in China in the decade 2011-2020,and further tests and analyzes the proposed inferential assumptions one by one using the Mediation effect model,Robustness test shall be conducted.Finally,in response to the regional heterogeneity of the elderly population,regression analysis was conducted based on the eastern,central,and western regions to explore the differences in the impact of the distribution of elderly population in different regions on digital inclusive finance.The following conclusions are drawn from this study:(1)Overall,the increasing aging population in China has a inhibitory effect on the overall index of digital inclusive finance development,and the impact direction and degree of population aging on the three sub indices of digital inclusive finance are also inconsistent.In terms of direction of action,the aging population has a negative impact on the coverage and depth of use of digital inclusive finance,while a positive impact on the degree of digitization;In terms of the degree of impact,the absolute value of the coefficient of coverage breadth is the highest and the degree of impact is the deepest for population aging.(2)The aging population not only has a direct impact on digital inclusive finance,but also indirectly affects it through various paths.For example,the aging population can hinder the development of digital inclusive finance by increasing social savings,reducing regional innovation levels,and forming obstacles to internet popularization.(3)In terms of regional differences analysis,the overall aging population in China is showing a trend of "high in the east and low in the west",and the aging population in the eastern region is gradually expanding towards the central and western regions.Among them,the aging population in the eastern region and the aging population in the western region have a significant impact on the development of digital inclusive finance,while the effect in the central region is not significant.