Research On The Impact Of Digital Inclusive Finance On Family Education Investment

With the development and popularization of digital inclusive finance,digital and intelligent financial products and services are no longer daunting.Everyone can participate in this low-cost and highly efficient financial services.Digital inclusive finance allows more families to obtain more credit opportunities through financial means,and more asset allocation methods encourage families to make financial decisions that are more conducive to family development.Therefore,digital inclusive finance is not only an important driver of high-quality economic development in China,but also plays a significant role in achieving the goal of common prosperity,alleviating income inequality and providing more employment opportunities.In the economy of the current century,economic and social progress depends on a country’s education level,which has become an important indicator to measure the international competitiveness of countries.Education is an important concern of families with children.Therefore,it is of far-reaching significance to explore the relationship between digital inclusive finance and family education investment,which is conducive to further exploring the role of digital inclusive finance in increasing family education investment and further promoting education equity.This paper selects the micro-families in the "China Family Tracking Survey" and the data of the Beijing University Inclusive Finance Index to explore the relationship between digital inclusive finance and education investment from a microperspective.This paper adopts a fixed effect model,and empirical research finds that digital inclusive finance has a significant promotion effect on family education investment,and this promotion effect is achieved through the use of depth and degree of digitalization.In addition,family income plays a positive regulatory role,and the promotion effect of digital inclusive finance on education investment will become more significant with the increase of family income,especially for low-income groups.In the heterogeneity analysis,the promotion effect of digital inclusive finance on education expenditure has better performance among rural families and female family decision-makers.