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Academic Journal of Humanities & Social Sciences, 2022, 5(1); doi: 10.25236/AJHSS.2022.050106.

Analysis of the Relationship between Financial Technology Development and Income Distribution


Ma Quanmei

Corresponding Author:
Ma Quanmei

Henan University of Economics and Law, Zhengzhou450016, Henan, China.


China's economy has achieved rapid development, and its per capita income has officially entered the ranks of upper-middle-income countries. However, it should be noted that while my country's economy is growing rapidly, the people do not enjoy the fruits of development equally, and the gap between the rich and the poor in my country still remains. In a higher position. Whether the gap between the rich and the poor can be maintained within a reasonable range is related to whether we can adhere to the concept of shared development and lead the people to gradually achieve common prosperity. At present, the development of financial technology is booming and changing with each passing day. Relying on artificial intelligence, blockchain, cloud computing and big data technology has greatly improved the benefits of financial services, that is, reducing costs and improving efficiency. The development of financial technology does take into account the marginal long-tail distribution. So, can the development of financial technology improve my country's income inequality and narrow the gap between the rich and the poor? This paper selects China's panel data from 2008 to 2020, and empirically tests the linear relationship between fintech and income inequality within the sample interval. With the development of fintech, income inequality will worsen. This conclusion is consistent with the current development of fintech in my country. It is basically consistent with the reality of income disparity, and is closely related to the fact that my country's fintech is in its infancy and that with the vigorous development of the financial industry, financial assets have exacerbated income inequality.


Fintech Development; Income Inequality; Robustness Analysis; Multiple Regression Model

Cite This Paper

Ma Quanmei. Analysis of the Relationship between Financial Technology Development and Income Distribution. Academic Journal of Humanities & Social Sciences (2022) Vol. 5, Issue 1: 39-47. https://doi.org/10.25236/AJHSS.2022.050106.


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