How Digital Financial Inclusion Affects Industry Income Disparities

Abstract

With the continuous improvement of productivity, people's living standards have continued to rise, but the problem of income disparity has become increasingly serious. This article focuses on the income disparities in China's industry and study the impact of digital financial inclusion on the it. The income disparities between employees in 29 provinces in the China Statistical Yearbook was used for analysis, and the parameters were estimated by benchmark regression analysis. Based on the results of the study, it was found that digital financial inclusion had a large impact on the five decentralized industries selected. In view of these results, this paper analyzes the reasons and draws the reasons why digital finance has contributed to the reduction of the income gap in the industry.