金融素养对家庭理财规划影响研究——中国城镇家庭的微观证据

发布时间：2018-02-20 22:37

本文关键词： 金融素养教育水平理财规划倾向分指匹配法　出处：《中央财经大学学报》2017年02期 　论文类型：期刊论文

【摘要】：金融素养是一种重要的人力资本,是消费者所拥有的为其一生金融福祉而有效管理其金融资源的知识和能力。本研究运用2012年中国城市居民消费金融调查数据,采用删截数据模型、离散选择模型及分位数回归模型,研究了金融素养对家庭理财规划行为的影响。研究发现:金融素养与家庭理财规划选择及理财规划时间跨度呈显著正相关关系;客观金融素养高的家庭比客观金融素养低的家庭制定理财规划的概率高11.6%;金融素养水平提高一单位,在理财规划时间跨度长2.74年;客观金融素养对理财规划时间跨度的影响存在非对称性,随着理财规划时间跨度由低分位到高分位,金融素养的影响呈现先上升后下降再上升的趋势;采用倾向分值匹配法对实证结论的稳健性进行了检验。基于倾向分值匹配法的进一步验证,实证结论是稳健的。结论的启示是消费者需要客观评估自身金融素养水平,加强金融知识学习,政府部门应该增加金融教育的公共供给。
[Abstract]:Financial literacy is an important human capital, which is the knowledge and ability of consumers to manage their financial resources effectively for their financial well-being. Censored data model, discrete selection model and quantile regression model were used. The influence of financial literacy on family financial planning behavior is studied. It is found that financial literacy has a significant positive correlation with the choice of family financial planning and the time span of financial planning. Families with high objective financial literacy have a higher probability of making financial planning than those with low objective financial literacy, and the level of financial literacy is raised by one unit, and the time span of financial planning is 2.74 years. The influence of objective financial literacy on the time span of financial planning is asymmetric. With the time span of financial planning from low quantile to high, the influence of financial literacy increases first and then decreases; This paper tests the robustness of the empirical conclusion by using the tendency score matching method. Based on the further verification of the tendency score matching method, the empirical conclusion is robust. The enlightenment of the conclusion is that consumers need to objectively evaluate their financial literacy level. To strengthen the learning of financial knowledge, government departments should increase the public supply of financial education.
【作者单位】：中国农业大学经济管理学院;
【基金】：国家自然科学基金重点项目“中国城市居民家庭/消费者金融研究”(项目编号:71232003) 国家哲学社会科学基金重大项目“建立现代农村金融制度对策研究”(项目编号:08&ZD024)
【分类号】：TS976.15;F832

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