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Impact of nonagricultural employment on rural households’ financial resilience: Evidence from rural China

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  • Qiu, Weisong
  • Yang, Shaodong

Abstract

Although nonagricultural employment has become a major source of labor participation for rural households in China, limited research has examined its impact on households’ financial resilience. Using data from the China Household Finance Survey, this paper finds households engaged in nonagricultural employment exhibit significantly higher financial resilience levels than those that solely rely on agricultural activities. Specifically, the financial resilience index of rural households with nonagricultural employment is 0.212 higher than those without such employment, and this finding remains robust across validation tests. Mechanism analyses reveal that nonagricultural employment primarily enhances rural households’ financial resilience by facilitating upward mobility and mitigating downward mobility risk. Finally, the positive effects of nonagricultural employment are more pronounced among disadvantaged households.

Suggested Citation

  • Qiu, Weisong & Yang, Shaodong, 2026. "Impact of nonagricultural employment on rural households’ financial resilience: Evidence from rural China," Finance Research Letters, Elsevier, vol. 95(C).
    • Handle: RePEc:eee:finlet:v:95:y:2026:i:c:s1544612326002345
    DOI: 10.1016/j.frl.2026.109703
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