Digital Inclusive Finance and Income Growth of Urban and Rural Residents: Mechanism Test and Heterogeneity Analysis

This paper constructs provincial panel data based on the 2013-2020 Digital Inclusive Finance Index released by the Digital Finance Research Center of Peking University, and firstly verifies the direct impact of digital inclusive finance on the income of urban and rural residents in China, and then takes industrial structure upgrading and employment structure optimization as the mediator variables to explore the role mechanism of digital inclusive finance and the income of urban and rural residents. mechanism. The study draws the following conclusions: (1) the development of digital inclusive finance promotes the increase of per capita disposable income of urban and rural residents; (2) digital inclusive finance promotes the increase of per capita disposable income of urban residents by promoting the upgrading of industrial structure; (3) digital inclusive finance promotes the increase of per capita disposable income of rural residents by promoting the optimization of employment structure.