doi: 10.18178/ijssh.2023.V13.1157
The Impact of Digital Finance on Income Gap: An Empirical Investigation from the Perspective of Banking Digitalization
- School of Finance, Nanjing Agricultural University, Jiangsu, China
Abstract
This study investigates the heterogenous effect of digital finance on narrowing income gap. It is found that Internet digital finance and digital finance in banking both help narrow income gap and a U-shaped relation is found between digital finance development and income gap. Internet digital finance alleviates information constraints, while digital finance in banking alleviates credit constraints in narrowing income gap. The two forms of digital finance have stronger effects on the income gap in economically and digitally underdeveloped areas. This study provides suggestions for developing digital finance, breaking the dual urban-rural financial structure and promoting common prosperity.
Keywords
- Internet digital finance
- digital finance in banking
- income gap
How to Cite
Yuxin Shen and Zhiwei Wu, "The Impact of Digital Finance on Income Gap: An Empirical Investigation from the Perspective of Banking Digitalization," International Journal of Social Science and Humanity, vol. 13, no. 4, pp. 268-272, 2023. https://doi.org/ 10.18178/ijssh.2023.V13.1157
Copyright & License
Copyright © 2023 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).