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The impact of digital financial development on rural household income mobility

Author

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  • Yang, Nana
  • Ao, Xugao
  • Tu, Yongqian

Abstract

We explore the mechanisms through which the development of digital finance affects income mobility among rural households. By synthesizing existing literature and empirical data, this paper finds that digital financial development significantly enhances income mobility among rural households, leading to improved income growth and position. Furthermore, developing digital finance promotes entrepreneurial activities among low-income households, thereby enhancing income mobility.

Suggested Citation

  • Yang, Nana & Ao, Xugao & Tu, Yongqian, 2024. "The impact of digital financial development on rural household income mobility," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003982
    DOI: 10.1016/j.frl.2024.105368
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