Does an Aging Population Inhibit the Digitization of Regional Finance?
DOI:
https://doi.org/10.54691/fhss.v3i4.4754Keywords:
Population Aging; Financial Digitization; Regions; Individual Fixed Effects.Abstract
"14th Five-Year" period, China's digital economy to deepen the application, standardize the development of a new stage. In the financial sector, digitalization has also become an important development direction. In response to the national call, banks and other financial institutions are promoting the digitalization and intelligence of risk management, and finance is moving from traditional offline to digital online, showing many benefits. As China's aging process deepens, the digital divide between the elderly and the times is further revealed, thus whether the issue of aging population will inhibit the digitization of regional finance becomes a topic worth studying. An individual fixed-effects model is used to measure the degree of financial digitization in 30 provinces in China from 2011 to 2020 to test the impact of population aging on regional financial digitization. The study shows that there is no inhibitory effect of population aging on financial digitization.
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