基于生命周期理论的居民家庭金融资产结构影响分析

发布时间：2018-04-12 08:50

本文选题：生命周期理论 + 居民家庭　；参考：《上海金融》2014年12期

【摘要】：本文基于生命周期理论,运用Tobit模型实证分析了居民家庭金融资产结构的影响因素。研究结果表明:随着家庭生命周期的发展,居民家庭持有储蓄存款的比例呈现先减少后增加的趋势,而对于风险资产的持有比例则呈现倒"U"型,即表现为先增加后减少的趋势;随着家庭财富的增长,居民家庭金融资产中储蓄占比将下降而风险资产的持有比例则将提高;住房对于居民风险资产的持有表现出明显的"挤出"效应;家庭投资决策者的受教育程度影响家庭风险资产的持有比例,但对储蓄资产的持有影响不显著;家庭负担人口数与家庭金融资产中储蓄存款占比正相关,与风险资产持有比例负相关;社会保障健全的家庭持有的储蓄占比较低;城市居民相对农村居民持有的风险资产比例更高。
[Abstract]:Based on life cycle theory, this paper empirically analyzes the influencing factors of household financial assets structure by using Tobit model.The results show that: with the development of household life cycle, the proportion of household holding savings deposits decreases first and then increases, while the holding ratio of risky assets shows an inverted "U" type, that is, increases first and then decreases;With the increase of household wealth, the proportion of savings in household financial assets will decrease and the proportion of risk assets will increase.The educational level of household investment decision makers affects the proportion of household risk assets, but the impact on the holding of savings assets is not significant, and the number of household burden population is positively related to the proportion of savings deposits in household financial assets.It is negatively related to the proportion of risky assets held; the proportion of savings held by households with sound social security is relatively low; the proportion of risky assets held by urban residents is higher than that held by rural residents.
【作者单位】：南京农业大学金融学院;南京农业大学江苏农村金融发展研究中心;中国建设银行泰州分行;
【基金】：国家自然科学基金青年项目(项目编号:71103089) 江苏省哲学社会科学重点研究基地重大项目(项目编号:2012JDXM007) 南京农业大学中央高校基本科研业务费人文社会科学研究基金(项目编号SKCX2014009、SKJD2014001) 江苏省“青蓝工程”的资助
【分类号】：F126.2;F224

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