关键词: 数字金融, 返乡农民工, 再就业, 创业  ,

Abstract: Internet technology promotes the rapid development of fintech, which reduces financing constraints and entrepreneurial costs, promotes entrepreneurship and employment of the returned migrants and helps realize the Rural Revitalization Strategy in China Using theoretical model and empirical analysis, the paper focuses on the impact of fintech on returned migrants' job decisions Using the Index of Digital Financial Inclusion and the data from China Laborforce Dynamic Survey (CLDS) and using the Logit model and instrument variable to deal with endogenous problems, the empirical results show that: a onestandarddeviation increase in fintech significantly improves the probability of nonagricultural employment of returned migrants by 0062~021 units, and reduces the probability of their agricultural employment by 0071~022 units Fintech can reduce the cost of financing and entrepreneurship, and attract returned migrants to carry out opportunitypull entrepreneurship in rural areas, so as to create jobs and promote migrants' income In contrast, fintech has no significant impact on entrepreneurship and income of ruralurban migrants Heterogeneity analysis shows that fintech can significantly promote the returned migrants with low physical capital and low human capital to carry out opportunitypull entrepreneurship, and has stronger universality for the returned migrants with high physical capital These findings have important policy implications and provide evidence for stabilizing employment, promoting information technology in rural area and the realization of Rural Revitalization Strategy

Key words:  , fintech, returned migrants, reemployment, entrepreneurship