Study on the Impact of Social Networks on Household Financial Vulnerability

Path Choice under the Empowerment of Digital Finance

DOI

10.2991/978-94-6463-598-0_60How to use a DOI?

Keywords

Social networks; Household financial vulnerability; Digital finance; Risk sharing

Abstract

In order to reduce the risk of returning to poverty and reduce the financial vulnerability of households, it is very important to improve their anti-risk ability. Using the panel logit model and the data of China Household Finance Survey (CHFS) in 2015, 2017 and 2019, this paper finds that social network can reduce the financial vulnerability of households and realize the sharing of household risks. At the same time, it is found that the development of digital finance strengthens the risk sharing effect of social network on household financial vulnerability.

Copyright

© 2024 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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TY  - CONF
AU  - Yanfang Fan
AU  - Yongxing Qi
PY  - 2024
DA  - 2024/12/19
TI  - Study on the Impact of Social Networks on Household Financial Vulnerability
BT  - Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
PB  - Atlantis Press
SP  - 566
EP  - 572
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-598-0_60
DO  - 10.2991/978-94-6463-598-0_60
ID  - Fan2024
ER  -