A Study on the Impact of Financial Literacy on the Urban-Rural Income Gap

Xinyu Zhang

doi:10.62051/IJGEM.v3n1.40

Authors

Xinyu Zhang

DOI:

https://doi.org/10.62051/IJGEM.v3n1.40

Keywords:

Financial Literacy, Rural-urban divide, Common prosperity

Abstract

This article aims to investigate the relationship between financial literacy and the urban-rural income gap, based on the current social development situation and previous research by scholars. Utilizing CHFS data, we first selected the independent variables, dependent variables, and control variables, conducted descriptive statistics, and subsequently constructed a regression model. The analysis of the data reveals a negative correlation between financial literacy and the urban-rural income gap in both the entire region and the western region. Enhancing financial literacy contributes to narrowing the urban-rural income gap. Finally, we propose beneficial suggestions from the perspectives of the government, residents, and enterprises.

Downloads

Download data is not yet available.

References

Qiao Lu. Financial Cognition, Personality Traits, and Household Consumption Structure [D]. Shandong University, 2023. DOI: 10.27272/d.cnki.gshdu.2022.000795.

Chen Jing. The Impact of Financial Ability on Rural Household Consumption [D]. Sichuan University, 2023. DOI: 10.27342/d.cnki.gscdu.2022.000243.

Zhang Lin, Xie Bojie. The Impact of the Digital Divide and Financial Literacy on Farmers' Financial Accessibility [J]. Investment and Cooperation, 2023(11):7-9.

Tong Shanshan. The Impact of Financial Literacy on Household Commercial Life Insurance Demand and Heterogeneity Analysis [D]. Nankai University, 2023. DOI: 10.27254/d.cnki.gnkau.2022.000093.

Duan Juan. Exploring Paths to Overcome the Problem of Wealth Gap in the Process of Achieving Common Prosperity in China [J]. Teaching and Research, 2017(08):13-20.

SHAWN COLE, THOMAS SAMPSON and BILAL ZIA. Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets?. The Journal of Finance. 2011. Vol. 66(6):1933-1967. DOI: 10.1111/j.1540-6261.2011.01696.x

Xing Dawei, Li Jing, Wu Wei. Research on the Impact of Financial Literacy on Rural Household Commercial Insurance Participation: An Empirical Study Based on CHFS Data [J/OL]. Xinjiang State Farm Economy: 1-18 [2024-01-10]. http://kns.cnki.net/kcms/detail/65.1048.F.20231030.1345.006.html.

Yao Yongming. Research on the Paths to Increase Rural Residents' Property Income [J]. Rural Economy, 2011(05):14-17.

Yang Jinbo. A Study on the Impact of Financial Literacy on the Availability of Credit for Urban and Rural Households [D]. Anhui University of Finance and Economics, 2023. DOI: 10.26916/d.cnki.gahcc.2023.000331.

Zhao Chengfu. A Study on the Impact of Financial Literacy on Common Prosperity [D]. Lanzhou University of Finance and Economics, 2023. DOI: 10.27732/d.cnki.gnzsx.2023.000028.

Liu Yunfang. A Study on the Impact of Financial Literacy on Relative Poverty in Chinese Families [D]. Shandong University of Finance and Economics, 2023. DOI: 10.27274/d.cnki.gsdjc.2023.000920.

Zhao Weixun. The Impact of Digitalization on the Gap between Rich and Poor in Urban and Rural Areas in China [D]. Beijing Information Science and Technology University, 2021. DOI: 10.26966/d.cnki.gbjjc.2021.000027.

Wang Fushuai. Analysis of the Causes and Internal Mechanisms of the Urban-Rural Income Gap under the Background of Large-scale Poverty Alleviation [J]. Economic & Trade Update, 2018(09): 18-20. DOI: 10.19463/j.cnki.sdjm.2018.09.007.

Liu Yongtian. Research on the Relationship between Financial Policy Innovation and Narrowing the Urban-Rural Income Gap in Yunnan [J]. Journal of Yunnan University of Administration, 2017, 19(03): 120-126. DOI: 10.16273/j.cnki.53-1134/d.2017.03.021.