HIGHLIGHTS
- who: Geng Tian from the The data of this paper comes from three aspectsThe data of micro households comes from the CHFS2019, published by the China Household Finance Survey of Southwestern University of Finance and Economics. The data of digital finance comes from the China Digital Inclusive Finance Development Index released by the Institute of Digital Finance, Peking University. The data of city level comes from China City Statistical Yearbook. Considering the characteristics of digital financial users and private lending groups, the samples of residents younger than , and older than , are excluded. In addition, the samples with . . .
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