Does financial inclusion help alleviate household poverty and vulnerability in China?
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 vulnerabilit...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2022-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0275577 |
| _version_ | 1798028946937217024 |
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| author | Youxue Jiang Yangyi Liu |
| author_facet | Youxue Jiang Yangyi Liu |
| author_sort | Youxue Jiang |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-11T19:17:41Z |
| format | Article |
| id | doaj.art-3e6e04d81d344e6793ca5d6d2e1cd24a |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-04-11T19:17:41Z |
| publishDate | 2022-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-3e6e04d81d344e6793ca5d6d2e1cd24a2022-12-22T04:07:24ZengPublic Library of Science (PLoS)PLoS ONE1932-62032022-01-011710e027557710.1371/journal.pone.0275577Does financial inclusion help alleviate household poverty and vulnerability in China?Youxue JiangYangyi LiuThis 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.https://doi.org/10.1371/journal.pone.0275577 |
| spellingShingle | Youxue Jiang Yangyi Liu Does financial inclusion help alleviate household poverty and vulnerability in China? PLoS ONE |
| title | Does financial inclusion help alleviate household poverty and vulnerability in China? |
| title_full | Does financial inclusion help alleviate household poverty and vulnerability in China? |
| title_fullStr | Does financial inclusion help alleviate household poverty and vulnerability in China? |
| title_full_unstemmed | Does financial inclusion help alleviate household poverty and vulnerability in China? |
| title_short | Does financial inclusion help alleviate household poverty and vulnerability in China? |
| title_sort | does financial inclusion help alleviate household poverty and vulnerability in china |
| url | https://doi.org/10.1371/journal.pone.0275577 |
| work_keys_str_mv | AT youxuejiang doesfinancialinclusionhelpalleviatehouseholdpovertyandvulnerabilityinchina AT yangyiliu doesfinancialinclusionhelpalleviatehouseholdpovertyandvulnerabilityinchina |