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Does digital financial inclusion promote intergenerational income mobility? Evidence from China

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  • Yang, Jing
  • Lu, Danning
  • Shi, Jianxun

Abstract

By matching the DFI of Peking University with the CHFS household questionnaire data, this paper empirically finds that digital financial inclusion facilitates intergenerational income mobility, particularly for lower-income households. The mechanism analysis suggests that digital financial inclusion enhances intergenerational income mobility by alleviating household credit constraints, improving educational investment and intergenerational occupational mobility. This positive effect is more pronounced in urban areas, for low-educated fathers and male offspring.

Suggested Citation

  • Yang, Jing & Lu, Danning & Shi, Jianxun, 2025. "Does digital financial inclusion promote intergenerational income mobility? Evidence from China," Finance Research Letters, Elsevier, vol. 82(C).
    • Handle: RePEc:eee:finlet:v:82:y:2025:i:c:s1544612325008967
    DOI: 10.1016/j.frl.2025.107637
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    References listed on IDEAS

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