Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025)

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The Impact of Digital Financial Inclusion on Intergenerational Income Mobility in China

Authors
Anyu Li1, *
1Faculty of Economics, Chulalongkorn University, Bangkok, 10330, Thailand
*Corresponding author. Email: 6684108029@student.chula.ac.th
Corresponding Author
Anyu Li
Available Online 22 December 2025.
DOI
10.2991/978-94-6463-916-2_65How to use a DOI?
Keywords
Intergenerational Income Mobility; Digital Financial Inclusion; CFPS
Abstract

This study investigates whether digital financial inclusion promotes intergenerational income mobility in China. Using data from the China Family Panel Studies in 2018, 2020, and 2022, matched with the Peking University Digital Financial Inclusion Index, income mobility is measured through decile-based indicators of both overall and upward transitions. Given the binary nature of the dependent variables, Probit regression is used for estimation. The results show that digital financial inclusion significantly enhances intergenerational mobility, especially in urban and eastern regions and among individuals with higher education levels. These findings suggest that the development of digital finance helps reduce income persistence and expand opportunities, offering new evidence on the link between financial technology and social mobility in China.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
22 December 2025
ISBN
978-94-6463-916-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-916-2_65How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Anyu Li
PY  - 2025
DA  - 2025/12/22
TI  - The Impact of Digital Financial Inclusion on Intergenerational Income Mobility in China
BT  - Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025)
PB  - Atlantis Press
SP  - 602
EP  - 609
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-916-2_65
DO  - 10.2991/978-94-6463-916-2_65
ID  - Li2025
ER  -