社会养老保险与家庭金融资产投资——基于家庭微观调查数据的实证分析

发布时间：2018-01-08 08:19

本文关键词：社会养老保险与家庭金融资产投资——基于家庭微观调查数据的实证分析　出处：《财经科学》2017年04期 　论文类型：期刊论文

【摘要】：经济的快速发展带来了家庭金融交易活动的增加,然而当前家庭资产结构仍旧较为单一,投资不足问题依然严重,研究家庭金融资产选择行为意义重大。本文运用中国家庭金融调查与研究中心2013年调查所得数据,实证分析社会养老保险的参与情况对家庭风险金融市场参与概率以及风险金融资产配置比例的影响。基于Probit和Tobit模型的回归结果表明:参与社会养老保险能在很大程度上增加家庭投资风险金融资产的概率和风险金融资产配额,优化资源配置;并且,这种正向影响在净资产较低的家庭中表现得更为明显。因此,在未来社会养老保险政策的制定过程中,要注意发挥其在提高资本市场参与度方面的积极作用,并在支持水平上有意识地向低净资产家庭倾斜。
[Abstract]:The rapid development of economy has brought the increase of household financial transactions. However, the current household asset structure is still relatively single, and the problem of insufficient investment is still serious. It is of great significance to study the behavior of household financial asset selection. This paper uses the data obtained from the 2013 survey of the China Household Financial Survey and Research Center. This paper empirically analyzes the influence of the participation of social pension insurance on the participation probability of household risk financial market and the proportion of risky financial assets allocation. The regression results based on Probit and Tobit model show that:. Participation in social pension insurance can greatly increase the probability of household investment risk financial assets and risk financial assets quota. Optimizing resource allocation; Moreover, this positive effect is more obvious in households with lower net assets. Therefore, in the process of making social endowment insurance policy in the future. Attention should be paid to its positive role in increasing capital market participation and consciously tilting towards low net worth households at the level of support.
【作者单位】：深圳大学经济学院;西南财经大学保险学院;
【基金】：教育部人文社科2016年规划基金项目“中国保险业系统性风险生成机理、评估及宏观审慎监管研究”(16XJA790009)支持
【分类号】：F832.48
【正文快照】： 一一、引言随着经济的快速发展随着经济的快速发展,在就业、住房、医疗、教育、社会保障等与居民生活息息相关的社会制度逐步变革的背景下社会制度逐步变革的背景下,社会金融资产的总量在不断增加、种类不断丰富。与此同时,家庭的金融资产在金融体系中的地位和作用也愈加重要

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