保险消费促进经济增长的行为金融机理研究

Behavioral Finance Mechanism of Insurance Promoting Economic Growth

保险是通过分散风险提供保障的一种特殊的金融服务消费品,是现代社会经济系统非常必要的安全性服务需求。现有理论普遍接受"经济决定保险,保险促进经济增长"的观点,实证对前者给出了充足证据,但并不完全支持后者。本文从微观机理视角来探讨保险消费对经济增长的多因子协同作用机理,发现保险要么以企业生产消费形式进入生产领域,要么以家庭个人和政府机构的服务消费形式进入消费领域,构成了社会经济系统再生产循环中物化劳动与活劳动消耗的一小部分嵌入性投入,而嵌入活劳动的保险消费对经济增长的贡献不但大于嵌入物化劳动的保险消费对经济增长的推动,而且具有较强的人力资本积累效应,可激励企业为员工开办年金计划,弥补社会保障体系不健全下养老金支付的巨额缺口,缓解政府财政压力,可促进社会公共服务管理创新和提高政府行政能力效能。

Insurance consumption is key factor in economic growth. The effect of insurance driving economic growth and improveing industry investment conditions is not paied enough attention. Insurance policy is regarded as common consumption goods in this paper. An endogenous economic growth dynamic model with a generalized capital containing insurance consumption goods is developed in this study. Results show that the mechanism of the insurance in promoting the economics growth and stabilizing the economic is very complicated. It is found that insurance either enters into the production field in the form of production cost or enters into the consumer fields in the form of family and government service consumption, as a small part of embedded investment in materialized labor cost and living labor cost. It is found that the more educated people have higher insurance consumption rate, resulting that the contribution of the embedded insurance consumption of the living labor is larger than the contribution of the embedded insurance consumption of the materialized labor and the contribution of the physical capital. It is also found that the promotion effect of insurance consumption on the economic growth is gradually increased with a long duration.