财务舵主个人特征对家庭金融市场参与的影响

发布时间：2018-03-18 02:05

  本文选题：财务舵主　切入点：个人特征　出处：《金融经济学研究》2017年04期 　论文类型：期刊论文

【摘要】：基于离散选择模型中的Logit、Ologit和Tobit模型,利用中国家庭追踪调查(CFPS)数据实证分析财务舵主个人特征对家庭金融市场参与选择、参与广度和参与深度三个方面的影响。研究发现:财务舵主的性别差异对于金融市场的参与行为有显著影响,女性财务舵主家庭更倾向于参与金融市场,其金融市场参与的广度和深度均更强,性别差异的来源集中于城市家庭,原因则主要是女性舵主的人力资本特征对金融市场参与行为的影响程度较男性舵主更高;财务舵主的年龄与金融市场参与行为的三方面均呈“倒U”型关系;具有城市户口的财务舵主更倾向于参与金融市场,其参与的广度和深度均远高于农村户口家庭;人力资本的受教育程度和认知能力两方面对金融市场参与行为有正向显著影响。
[Abstract]:Based on the logitine Ologit and Tobit models in the discrete selection model, this paper empirically analyzes the individual characteristics of the financial rudder in the choice of the household financial market by using the data of Chinese Household tracking Survey (CFPS). The study found that the gender difference of the financial rudder had significant influence on the financial market participation behavior, and the female financial rudder households were more likely to participate in the financial market. The extent and depth of financial market participation are stronger, the gender difference is concentrated in urban households, the main reason is that the human capital characteristics of female rudders have more influence on financial market participation behavior than male rudders. The age of the financial rudder and the three aspects of the financial market participation behavior are all "inverted U" type relationship, and the financial rudder with urban hukou is more inclined to participate in the financial market, its participation is much wider and deeper than that of the rural household. The educational level and cognitive ability of human capital have positive and significant influence on financial market participation behavior.
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本文编号：1627485