健康对城市家庭金融资产配置的影响——中国的微观证据

Impact of Health on Household Financial Asset Allocation——Evidence from the Micro-data in China

利用“中国城镇居民家庭消费金融研究”课题组最新公布的数据，研究健康状况对中国城市家庭金融资产配置的影响。研究发现：健康变量、经济变量和人口统计学变量对城镇家庭不同类型金融资产的影响上存在差异，健康状况的恶化会降低金融资产特别是风险资产的持有；东部地区风险资产在家庭金融资产中的比重较中西部地区高，健康状况好的家庭持有风险资产的概率比健康状况差的家庭高2～3个百分点；经济类变量对金融资产持有额的影响是根本性的。

Using the newly released data by the research team of China＇s Urban Household Consumer Finance, this paper explores the effect of health on Chinese urban household financial asset allocation. It has been found that such variables as health status, economy and demography may exert varied effects on the different types of urban household financial assets. Health deterioration tends to reduce the financial assets, especially the risk assets, which are held by urban households. The proportion of risk assets held in the east is higher compared to the central and western regions. A household in good condition has a 2% ~3% higher probability of holding risk assets than the one in poor health. The effect of economy on financial asset holding is fundamental.