Work

FinTech adoption and farmers’ wealth distribution: Evidence from a large micro-data in China

Year: 2024

Type: article

Abstract: This study reveals the theoretical mechanism of FinTech adoption in farmers’ wealth distribution, and examines the impact of FinTech adoption on farmers’ wealth distribution. Results show that: In theory, Fintech adoption significantly contributes to farmers’ wealth accumulation and mitigates wealth inequality. FinTech adoption significantly impacts wealth distribution in eastern regions and households with higher income levels. It is also beneficial for optimizing wealth distribution in households with lower education levels, holding liquid assets, and lower financial literacy. FinTech adoption can promote farmers’ wealth accumulation and alleviate wealth inequality via credit availability, information attention, and asset allocation.

Source: Finance research letters

DOI: 10.1016/j.frl.2024.106621

Authors: Guohua Yu, Yingying Qi, Yimeng Ren

Institutions: Southwest University, Northwest Minzu University, Nanjing University

Language: English

Topic: FinTech, Crowdfunding, Digital Finance

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Reduced inequalities, No poverty, Zero hunger, Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $3,350