Research On The Influence Of Digital Inclusive Finance On Household Education Expenditure

The report of the 20 th Party Congress states that education,science and technology,and talents are the fundamental and strategic support for the comprehensive construction of a modern socialist country.The role of education in China’s economic and social development has become increasingly prominent.In order to achieve the goal of equity in education,China’s public finance has continuously increased its investment in education,which has basically solved the problem of shortage of funds for public education in rural primary and secondary schools in the 1990 s and reduced the pressure on low-income families to spend on education.As another important source of investment in education,the important role of household expenditure on education is increasingly prominent.Digital inclusive finance is a product of the organic integration of digital technology and traditional inclusive finance,which has improved financial accessibility for various groups,and it plays an important role in household economic decision-making.As education is an important part of household economic decision-making,is the development of digital inclusive finance helping to increase levels of household expenditure on education?Through what mechanisms does it influence? What are the laws of heterogeneity? The resolution of these questions will help to advance the development of digital inclusive finance,enhance household investment in education and promote the achievement of educational equity.In order to answer the above questions,based on current situation analysis and theoretical analysis,this paper uses Peking University Digital Financial Inclusion Index and China Family Tracking survey data to make an empirical analysis of the relationship between them,and explores the three influencing mechanisms of family income,mobility constraint and family education expectation,as well as the heterogeneity of family types in urban and rural areas,household heads with different levels of education and children with different stages of education.Finally,this paper summarizes the research conclusions and puts forward corresponding countermeasures and suggestions.The findings are as follows:digital financial inclusion helps increase the level of family education expenditure;The more likely residents are to be constrained by income,the more obvious the promoting effect of digital financial inclusion on family education expenditure is.The more likely residents are to be constrained by mobility,the more obvious the promoting effect of digital financial inclusion on family education expenditure is.The higher the expectation of family education,the more obvious the promoting effect of digital inclusive finance on family education expenditure;Digital financial inclusion plays a more significant role in promoting education expenditure of urban households,households whose head is less educated,and families whose children are in the compulsory education stage.The innovation of this paper lies in: first,the research perspective innovation.This paper studies family education expenditure from the perspective of digital financial inclusion.This not only expands the discussion on the factors influencing family education spending,but also enriches the literature on the impact of digital financial inclusion on family behavior.Second,research content innovation.This paper studies the influence mechanism of digital financial inclusion on family education expenditure from three aspects: family income,mobility constraint and family education expectation.The heterogeneity of the influence of digital financial inclusion on family education expenditure was studied from three perspectives: urban and rural,the educational level of the household head and the educational stage of the children.This paper will help to understand the impact of digital inclusive finance on family education expenditure,and provide a basis for improving the level of family education expenditure and improving relevant policies.