关键词: 数字普惠金融, 劳动力回流意愿, 劳动力需求, 劳动工资率, 数字基础设施

Abstract: Based on Peking University Digital Inclusive Finance Index and China's Migrant Population Dynamic Monitoring Survey data, this paper discusses the impact of digital inclusive finance on the willingness of laborers to return to their hometown. It is found that the development of digital inclusive finance and its sub-dimensions both have a significant effect on promoting the willingness of laborers to return. In terms of the influence channel, digital inclusive finance improves the willingness of laborer to return by increasing the labor demand and raising the labor wage rate. Moreover, digital infrastructure can reinforce the positive impact of digital inclusive finance on the willingness of laborers to return. Heterogeneity analysis finds that the impact of digital inclusive finance on the willingness of laborers to return is more significant in areas with strong financial exclusion, among groups with rural household registration and among female laborers. The conclusion of this study provides multiple perspectives for improving people's livelihood and promoting labor force development, and has certain implications for further attracting talents, continuously promoting rural revitalization and regional coordinated development.

Key words: Digital Inclusive Finance, Labor Return Intention, Labor Demand, Labor Wage Rate, Digital Infrastructure