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Can financial technology policies promote local employment?

Author

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  • Liu, Hanchao
  • Qin, Qinghou
  • Yu, Lingling

Abstract

Based on panel data from 283 Chinese cities between 2009 and 2023, this study employs a difference-in-differences approach to evaluate the impact of the "Pilot Policy for Promoting the Integration of Technology and Finance" (PITF) on local employment. Results show that the policy significantly boosts overall employment rates and upgrades employment structures. Its effect on overall employment is more pronounced in eastern and central regions, while the impact on employment upgrades is stronger in western regions. Mechanism analysis indicates that the policy enhances technological innovation and facilitates corporate financing, indirectly driving employment growth.

Suggested Citation

  • Liu, Hanchao & Qin, Qinghou & Yu, Lingling, 2025. "Can financial technology policies promote local employment?," Finance Research Letters, Elsevier, vol. 84(C).
    • Handle: RePEc:eee:finlet:v:84:y:2025:i:c:s1544612325010992
    DOI: 10.1016/j.frl.2025.107841
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    References listed on IDEAS

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