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Social networks, inclusive finance, and residents' well-being: An empirical study based on CFPS

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  • Li, Junming
  • Chen, Miaomiao
  • Liu, Jiayang

Abstract

Using data from the China Family Panel Studies (CFPS), this paper investigates how social networks and inclusive finance affect residents' well-being. The empirical results indicate that social networks can significantly enhance residents' well-being, and inclusive finance can play a significant positive moderating role in the influence of social networks on residents' well-being, suggesting a complementary relationship between the impacts of social networks and inclusive finance on residents' well-being. Further analysis shows that the positive moderating effect of inclusive finance in the relationship between social networks and residents' well-being is more pronounced in regions with higher levels of marketization.

Suggested Citation

  • Li, Junming & Chen, Miaomiao & Liu, Jiayang, 2024. "Social networks, inclusive finance, and residents' well-being: An empirical study based on CFPS," Finance Research Letters, Elsevier, vol. 65(C).
    • Handle: RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005440
    DOI: 10.1016/j.frl.2024.105514
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