风险态度、金融教育与家庭金融资产选择

发布时间：2018-02-24 20:46

本文关键词： 风险态度金融教育资产选择　出处：《商业经济与管理》2016年08期 　论文类型：期刊论文

【摘要】：文章基于中国城市居民消费金融调查数据,研究了风险态度、金融教育对家庭金融资产选择和家庭金融市场参与的影响。结果发现,风险态度显著影响家庭金融资产组合分散化程度,风险厌恶程度越高,金融资产组合分散化程度越低。风险态度对家庭正规金融市场参与有显著影响,风险厌恶程度的提高会显著降低家庭在股票、基金、债券、储蓄性保险市场的参与概率,风险厌恶程度增加一单位,家庭参与股票市场的可能性会降低10.5%。风险厌恶程度对股票、基金、债券、储蓄性保险资产在家庭金融资产中的比例具有显著的负向影响。家庭的金融教育投入对风险资产持有比重条件分布的影响上,呈先上升后下降趋势,中间分位的要大于两端。文章相应的政策含义是,政府及金融管理部门需要普及金融教育知识,提高居民的金融风险认知水平,从而优化家庭金融资产选择,改善居民金融福利。
[Abstract]:Based on the consumer finance survey data of Chinese urban residents, this paper studies the effects of risk attitude, financial education on household financial asset selection and household financial market participation. Risk attitude significantly affects the degree of diversification of household financial asset portfolio, the higher the degree of risk aversion, the lower the degree of diversification of financial portfolio. An increase in risk aversion will significantly reduce the participation probability of households in the stock, fund, bond, savings insurance markets, increase risk aversion by one unit, and reduce the likelihood of household participation in the stock market by 10.5. risk aversion to stocks, The proportion of funds, bonds and savings insurance assets in household financial assets has a significant negative effect. The policy implication of the article is that the government and the financial management departments need to popularize the knowledge of financial education, improve the residents' financial risk awareness, and thus optimize the choice of household financial assets. Improving the financial welfare of residents.
【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”(71232003)
【分类号】：F832

【相似文献】