中文摘要：

采用2004—2012年中国31个省市面板数据，测算了各省市包容性金融发展水平，并基于产业结构升级的视角探讨了包容性金融发展的城乡收入分配效应。实证分析发现：（1）包容性金融发展能够通过降低劳动力转移成本，促进农村劳动力转移，进而促进产业结构升级；（2）包容性金融发展和产业结构升级均对缩小城乡居民收入差距具有明显的负向作用；（3）金融可获得性对城乡居民收入差距的负向影响更加显著；（4）三次产业变动与劳动力分布结构对城乡居民收入差距的影响显著为负，并且劳动力分布结构的影响程度更大。据此，本文提出，一方面应强化包容性金融发展对产业结构升级的正向作用，进而通过产业结构调整缩小城乡居民收入差距；另一方面要着重提升金融可获得性，以发挥包容性金融发展的减贫效应。

英文摘要：

The paper uses panel data of 31 provinces, calculates each province＇s inclusive financial development index. On the basis of this, we discuss the urban-rural income distribution effect of inclusive finance from the perspective of upgrading of industrial structure. The findings are：（ 1 ）Inclusive financial development is conducive to decreasing labor transfer cost, and fostering labor transfer so as to promote the upgrading of industrial structure;（ 2 ）Both inclusive financial development and the upgrading of industrial structure have apparent nega- tive impact on narrowing urban-rural income inequality; （3）Furthermore, we compare financial availability with financial usage which are two dimensions of inclusive financial development, what we find is that financial availability＇ s negative influence on urban-rural income inequality is more obvious. Accordingly, we suggest that on one hand, we should enhance inclusive financial development＇s positive impact on the upgrading of industrial structure, by boosting industrial structure adjustment, narrowing urban-rural income inequality; On the other hand, developing inclusive finance needs to increase financial serviee＇s availability so that it can make a difference to urban-rural income inequality.