Research On The Impact Of Digital Financial Inclusion On Residents’ Subjective Poverty Alleviation

By the end of 2020,China’s poverty alleviation campaign has achieved victory,eliminating absolute poverty and overall regional poverty.As an institutional arrangement for financial poverty reduction,there are many studies on digital financial inclusion to alleviate subjective poverty.However,these studies mainly focus on the field of objective poverty,and there are few studies on the reduction of subjective poverty through digital financial inclusion.Poverty is not only manifested in objective poverty based on quantitative estimation and objective methods,but also includes subjective poverty in which individuals feel that their living needs are insufficient.Compared with objective poverty,subjective poverty can express one’s feelings about poverty,and it is the complement and development of objective poverty.After the victory in the poverty alleviation campaign,consolidating and expanding the achievements of poverty alleviation may require more consideration of subjective poverty,subjective well-being and the sense of subjective achievement of people.Therefore,research on the impact of digital financial inclusion on residents’ subjective poverty alleviation is an issue worthy of study.This thesis is researched according to the idea of "theoretical analysis-empirical research-countermeasures and suggestions",and the main research methods include theoretical analysis methods and econometric analysis methods.Firstly,this thesis focuses on analyzing the mechanism of digital inclusive finance alleviating subjective poverty on the basis of systematically sorting out relevant literature at home and abroad,and puts forward several assumptions based on theoretical analysis.On this basis,the evaluation of respondents’ own income and social status in the China Family Panel Studies(CFPS)data is selected to represent the subjective poverty of residents,the Peking University Digital Financial Inclusion Index of China(PKU-DFIIC)from 2011 to 2018 is selected represents the level of digital financial inclusion,and the panel fixed-effect Logit model is used as the benchmark model for empirical analysis.Secondly,this thesis uses the method of sub-sample regression to study the heterogeneity of digital financial inclusion in alleviating subjective poverty on urban and rural areas,eastern,central and western regions,different physical capital and different human capital groups.The transmission mechanism of digital inclusive finance alleviating the subjective poverty of residents is analyzed,and the robustness test is carried out by removing some samples and replacing the empirical model.Finally,based on the results of empirical analysis,this thesis puts forward countermeasures and suggestions for continuing to strengthen the construction of digital inclusive finance and paying more attention to subjective poverty in combination with the background of my country’s current achievements in consolidating poverty alleviation and linking rural revitalization work.The main conclusions of this thesis are as follows:(1)At a certain level of significance,digital inclusive finance can alleviate the subjective poverty of residents,and the mitigation effect in the dimension of digitalization is more obvious.(2)Heterogeneity analysis found that the poverty alleviation effect of digital inclusive finance on rural groups,groups in western regions,low-income groups and groups with low human capital was higher than that in urban groups,groups in central and western regions,and groups with high human capitals,which reflects the characteristics of digital financial inclusion.(3)The exploration of transmission mechanism found that digital inclusive finance can alleviate subjective poverty by promoting the growth of residents’ income,and residents’ own confidence and future expectations play a moderating role in alleviating subjective poverty through digital inclusion.