家庭金融服务获得性对收入流动性的影响

伴随普惠金融的发展及金融精准扶贫政策的实施,广大居民家庭参与金融市场的广度和深度不断提升,家庭金融服务获得性对居民家庭收入分配影响日益凸显。使用中国家庭金融调查(CHFS)数据,运用收入转移矩阵和有序probit模型,研究家庭金融服务获得性对收入流动性的影响。研究结果表明,家庭金融服务获得性提高对低收入家庭向上流动具有积极影响,对高收入家庭向下流动具有抑制作用。进一步分城乡样本、面板数据等进行稳健性检验,验证实证结果的可靠性。鉴于提高家庭金融服务获得性对于促进微观收入流动性、缓解社会收入阶层固化具有积极作用,政府应继续推进普惠金融发展,降低融资成本;优化金融资源区域配置;加强金融教育,保护弱势金融群体。

The Impact of Family Financial Service Availability on Income Mobility

With the development of Inclusive Finance and the implementation of targeted poverty alleviation,the breadth and depth of households participation in the financial market have been continuously improved,and the effect of family financial service availability on household income distribution has become increasingly prominent.Using China Household Financial Survey(CHFS),this paper adopts income transfer matrix and ordered probit model to study the impact of family financial service availability on income mobility.The results show that the increase of family financial service availability has a positive impact on the upward mobility of low-income families,and has a restraining effect on the downward mobility of high-income families,and the robustness test of urban and rural subsamples and panel verifies the reliability of empirical results.Improving family financial service availability plays a positive role in promoting micro income mobility and alleviating the solidification of social income class.The government should promote Inclusive Financial development to reduce financing costs,optimize regional allocation of financial resources,strengthen financial education and protect vulnerable financial groups.