The Impact Of Digital Inclusive Finance On Elderly Multidimensional Poverty And Its Synergy Poverty Reduction With Pension

Over the 40 years of the reform and opening up,China has made great achievements in anti-poverty,and in 2020,all the poor people have been lifted out of poverty.Therefore,the focus of poverty research has gradually shifted to relative poverty and multidimensional poverty.On the other hand,with the aggravation of the aging problem in our country,the poverty of the elderly has attracted more and more attention.According to the World Population Prospects 2019 report released by the United Nations,the proportion of the population aged 65 and over has reached 12.6%.It is expected that China will enter a deeply aging society in 2022.The speed and scale of China’s population aging is unprecedented,and it is facing a crisis of "getting old before getting rich".The aging of the population makes the financial burden increasingly serious.Therefore the elderly poverty will become a major problem for China’s economic development in the next few decades.On the other hand,with an increasing acceptance rate of the Internet among the elderly,digital inclusive finance has become a possible measure to reduce the elderly poverty.According to the Statistical Report on China’s Internet Development,the proportion of netizens over the age of 50 has reached 10.6%in 2017.More and more middle-aged and elderly people are integrated into the Internet.The gap of Internet equipment and skills between young people and old people are narrowing.On the basis of overcoming the limitations of traditional financial services such as high transaction costs,single service customers and low resource utilization,digital inclusive finance has effectively expanded the coverage of financial services and improved the availability of financial services.It has become an important measure to make financial and economic development more inclusive and plays an important role in alleviating poverty.Under this background,thesis theoretically analyzes the impact of digital inclusive finance on the multidimensional poverty of the elderly by constructing an extended overlapping generation(OLG)model.With the China Health and Pension Survey data and the China Digital inclusive finance Index,thesis also empirically examines the effect of digital inclusive finance on the elderly multidimensional poverty.Thesis finds that digital inclusive finance has a significant alleviation effect on the multidimensional poverty of the elderly.From the perspective of various dimensions of digital inclusive finance,coverage breadth and digitalization level can significantly reduce the multidimensional poverty of the elderly,but the mitigation effect of the usage depth is not significant.In terms of its impact mechanism,thesis finds that digital inclusive finance can significantly improve the physical health and life satisfaction of the elderly,and can increase the frequency of contact between children and the elderly.However,the impact on the improvement of living conditions and the increase of children’s financial support is not significant.