中美家庭金融行为比较

发布时间：2018-05-31 19:04

本文选题：家庭金融行为 + 金融资产配置　；参考：《西南交通大学》2016年硕士论文

【摘要】：近年来,国内外对于家庭金融问题的研究已经获得了一些成果,但这些研究大多关注于单个发达国家,少数对我国与发达国家家庭金融资产配置行为进行比较的研究,也停留在家庭资产结构对比和定性分析的层面。家庭金融行为受人口统计学因素的影响,但由于国别差异的存在,相同的人口统计学特征对不同国家的家庭来说,会引起其不同的家庭金融行为特点。因此,本文在对中美家庭金融行为进行比较的基础上,从微观层面探究对两国家庭金融行为造成不同影响的因素,并对两国表现出不同家庭金融行为特点的原因进行解释。本文将家庭金融行为定义为家庭金融资产投资和家庭负债行为这两个方面,研究方法上结合了理论与实证。首先,本文梳理和总结了家庭金融相关理论,在对中美家庭的金融资产结构和负债水平进行比较后,分别对影响中美家庭金融投资的风险偏好和负债选择的因素进行实证研究,并深层次分析这些因素对中美家庭的金融行为造成不同影响的原因。在实证方法上,本文采用了二元probit模型分别对影响家庭持有风险金融资产的概率和负债概率的因素进行实证分析,采用tobit模型研究影响家庭金融资产份额和负债程度的因素。通过理论分析和实证研究的方法对中美家庭金融行为进行比较,本文发现,经济发展水平、资本市场发展程度和社会保障体系的差异,是造成中美家庭不同风险金融投资偏好的深层次原因,同时,年龄、受教育程度等人口统计学因素也会显著影响家庭金融行为,但其对中美两国家庭发挥的作用并不相同。此外,人口统计学因素、消费传统、房产等因素会对家庭负债水平产生一定的影响,这些因素的综合作用引起了中美家庭在负债行为上的差异。针对得出的主要结论,本文提出了优化资本市场环境、提升教育水平、制定完善的养老金计划、保障房地产市场健康发展和鼓励小额贷款等政策建议。
[Abstract]:In recent years, there have been some achievements in the research of household finance at home and abroad, but most of these studies focus on a single developed country, and a few on the comparison of household financial asset allocation behavior between China and developed countries. Also stay in the family asset structure contrast and qualitative analysis level. Family financial behavior is influenced by demographic factors, but the same demographic characteristics will cause different family financial behavior characteristics for families in different countries due to the existence of country differences. Therefore, on the basis of the comparison between Chinese and American household financial behavior, this paper probes into the factors that have different influence on the household financial behavior of the two countries from the micro level, and explains the reasons why the two countries show different characteristics of household financial behavior. This paper defines household financial behavior as family financial asset investment and household liability behavior. The research methods combine theory with empirical research. First of all, this paper combs and summarizes the related theories of household finance, compares the financial asset structure and debt level of Chinese and American households, and makes an empirical study on the factors that affect the risk preference and debt selection of Chinese and American family financial investment. The reasons why these factors have different influences on the financial behavior of Chinese and American households are also analyzed. In the empirical method, this paper adopts the dual probit model to analyze the factors that affect the probability and the liability probability of the household holding risky financial assets, and uses the tobit model to study the factors that affect the share of the household financial assets and the degree of the liabilities. Through theoretical analysis and empirical research, this paper compares the financial behavior of Chinese and American households, and finds that the level of economic development, the degree of capital market development and the social security system are different. At the same time, demographic factors such as age, education and other demographic factors also significantly affect family financial behavior, but the role of the two countries is not the same. In addition, demographic factors, consumption traditions, real estate and other factors will have a certain impact on the level of household debt, these factors lead to the combined role of Chinese and American households in debt behavior differences. In view of the main conclusions, this paper puts forward some policy suggestions, such as optimizing the capital market environment, improving the education level, formulating a perfect pension plan, ensuring the healthy development of the real estate market and encouraging small loans.
【学位授予单位】：西南交通大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F832;F837.12

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