Thinking Inside the Box: A Closer Look at Financial Inclusion and Household Income
利用中国6200多户家庭调查数据，构建金融包容性多维指标，发现其显著提升家庭收入，且低收入家庭获益更多，有助于缩小收入差距。
Using national representative household finance survey data covering more than 6200 Chinese households, we first construct a new multidimensional indicator for financial inclusion. Then we examine the effect of financial inclusion on household income. Our results elicit several findings. First, financial inclusion has a strong positive effect on household income. This effect can be found across all households with different levels of income. Second, low-income households are found to benefit more from financial inclusion than high and mid-level income ones. We argue that, in this sense, financial inclusion helps reduce income inequality.