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Does financial inclusion help alleviate household poverty and vulnerability in China?
- Source :
- PLoS ONE; 10/14/2022, Vol. 17 Issue 10, p1-21, 21p
- Publication Year :
- 2022
-
Abstract
- This paper investigates the impact of financial Inclusion on household poverty and vulnerability by constructing a household financial inclusion index using the China Household Finance Survey 2015. It is found that financial Inclusion significantly reduces the probability of poverty and vulnerability of households and has a more significant impact on vulnerable groups such as rural and urban low-income people. Further, financial Inclusion has a more significant effect on poor families that do not receive government support for poverty alleviation and can complement co-insurance mechanisms to help families better cope with vulnerabilities caused by synergistic community shocks. Finally, promoting entrepreneurship and improving risk management capabilities are the main channels of financial Inclusion. [ABSTRACT FROM AUTHOR]
- Subjects :
- RURAL poor
POOR people
HOUSEHOLD employees
CITY dwellers
POVERTY reduction
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 17
- Issue :
- 10
- Database :
- Complementary Index
- Journal :
- PLoS ONE
- Publication Type :
- Academic Journal
- Accession number :
- 159690724
- Full Text :
- https://doi.org/10.1371/journal.pone.0275577