金融知识和中国家庭财富差距——来自CHFS数据的证据

发布时间：2018-04-20 14:05

本文选题：金融知识 + 家庭财富　；参考：《国际金融研究》2017年10期

【摘要】：本文基于2013年中国家庭金融调查(CHFS)数据,首先采用因子分析中的极大似然方法提取金融知识指标,然后采用两阶段最小二乘法(2SLS)估计发现,金融知识可显著缩小家庭财富差距。进一步,文章利用分位数回归法(QR)估计发现,金融知识对家庭财富有显著的正向影响,金融知识对低财富组家庭财富的促进作用更大,即财富越多的家庭,金融知识的创富效应越小。同样,金融知识对社区财富的创富效应也呈递减趋势。本文的政策含义是加强金融知识基础教育,开展金融知识技能培训,普及金融知识,可缩小家庭财富差距。
[Abstract]:Based on the CHFS data of 2013, this paper uses the maximum likelihood method in factor analysis to extract the financial knowledge index, and then uses the two-stage least square method (2SLS) to estimate that financial knowledge can significantly reduce the gap of household wealth. Furthermore, using the quantile regression method (QR), we found that financial knowledge has a significant positive impact on household wealth, and that financial knowledge plays a more important role in promoting household wealth in low wealth group, that is, families with more financial knowledge have more wealth. The effect of financial knowledge on wealth creation is smaller. In the same way, the effect of financial knowledge on the wealth creation of the community is decreasing. The policy implication of this paper is to strengthen the basic education of financial knowledge, to develop financial knowledge and skills training, to popularize financial knowledge, and to narrow the gap of household wealth.
【作者单位】：首都经济贸易大学金融学院;河南财经政法大学金融学院;
【基金】：国家自然科学基金一般项目(项目编号:71373213) 国家社科基金重点项目(项目编号:16AZD014) 北京市社科重大项目(项目编号:15ZDA45) 中组部青年拔尖人才支持计划教育部新世纪优秀人才支持计划西南财经大学中央高校基本科研业务费专项资金(项目编号:JBK1407024)资助;西南财经大学中国家庭金融调查与研究中心的支持
【分类号】：F124.7;F832

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