Research On Employment Promotion By Digital Inclusive Finance

The employment issue is related to people’s livelihood,the employment situation of a country is related to the operation and development of society and the economy,and one of the four policy objectives of the country’s implementation of macroeconomic regulation is to achieve full employment.At present,China is in a critical period of deepening reform and transforming the economic development model,and along with the continued impact of the Sino-US trade war and the COVID-19 epidemic in recent years,employment pressure is constantly highlighted.Inclusive Finance concerns development and equity,and is conducive to promoting entrepreneurship,innovation and employment.Digital Inclusive Finance takes finance as its essence,inclusive as its nature,and digital as its means.Through innovative digital finance of mobile payment,big data,cloud computing and other information technologies,Digital Inclusive Finance has wider service range than Inclusive Finance.Therefore,studying the impact of Digital Inclusive Finance on employment has significant theoretical and practical significance for improving the employment situation in China.On the basis of combing the relevant literature,this paper summarizes the relevant theories of Digital Inclusive Finance and employment,deeply analyzes the transmission mechanism of Digital Inclusive Finance to promote employment,puts forward research assumptions,and analyzes the current situation of Digital Inclusive Finance and employment in China,and then empirically tests the research hypotheses based on panel data of 275 prefecture-level and above cities in China from 201 1-2019 using a two-way fixed effects model Hypothesis.The findings show that(1)in general,the development of Digital Inclusive Finance has a signi ficant contribution to employment.(2)For different regions,different industries and different levels of economic development,the role of Digital Inclusive Finance in promoting the employment of Chinese residents is heterogeneous.(3)In terms of impact mechanism,Digital Inclusive Finance will promote employment by promoting economic development,entrepreneurial growth and financing growth.Based on the above research results,this paper finally puts forward policy recommendations to continuously promote and differentially develop Digital Inclusive Finance,strengthen the risk supervision of Digital Inclusive Finance,and strengthen the popularization of Digital Inclusive Finance knowledge and so on.