Research on the Impact of Digital Finance on Non-farm Employment in Different Regions
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Abstract
Based on the Digital Inclusive Finance Index and data from the China Family Panel Studies (CFPS), this paper constructs a Probit model to empirically examine the impact of digital finance on non-farm employment. The research indicates that digital finance addresses the shortcomings of traditional finance, with its high entry barriers, and provides favorable conditions for the expansion of business operations and resident entrepreneurship, thereby facilitating non-farm employment opportunities for households and significantly promoting non-farm employment. The impact of digital finance on non-farm employment exhibits geographical heterogeneity, with a particularly significant positive effect on the central, western, and northeastern regions.
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