金融知识与中国城镇居民财产性收入

Financial Knowledge and Chinese Urban Resident Property Income

以清华大学2012年"中国消费金融现状及投资者教育调查"数据为基础,结合基于工具变量的Probit模型,研究了金融知识与中国城镇居民财产性收入的关系。研究表明,金融知识对城镇居民财产性收入的影响正向显著,即金融知识水平越高,家庭拥有财产性收入的可能性就越大。此外,家庭总人口数、房产价值和风险性金融资产等对拥有财产性收入具有显著正向影响,而户主已婚、位于东部和中部地区以及二线城市等具有负面显著影响。异质性分析发现,在风险偏好和制定理财规划的城镇家庭中,金融知识的影响不显著,而在风险规避及未制定理财规划家庭中的影响均正向显著。因此,在今后工作中,政府应建立健全金融教育和相关法律法规,增强金融教育的针对性和特色化,提高居民的金融知识,从而促进居民财产性收入的获得。

This study is based on data from Tsinghua University＇s 2012 ＂Survey of Chinese Consumer Finance Status and Investor Education＂ ; the study integrates the use of an instrumen- tal variable Probit model to investigate the relationship between financial knowledge and the prop- erty income of Chinese urban residents. The study suggests that financial knowledge has a positive and significant effect on the property income of urban residents, meaning that when financial knowledge is higher , households have a larger likelihood of having financial income. In addition, the total household population, the value of residential property, and risky financial assets all sig- nificantly and positively affect the possession of property income. However, possession of property income is significantly and negatively affected by the following factors ：where the head of the household is married ,being located in eastern or central China ,or in a second-tier city. Hetero- geneous analysis reveals that for urban households, which are risk loving or which establish finan- cial plans ,the influence of financial knowledge is not significant, although its influence is positive and significant in risk averse households and households which establish financial plans. As such, in subsequent work in this field, govemments should establish financial education programs,rele- vant laws and regulations, and make financial education more targeted and specialized in order to increase residents＇ financial knowledge and thereby promote residents＇ property income earnings.