家长幸福感对子女教育投入的影响分析——基于CFPS的经验数据

Analysis of the Influence of Parents' Well-being on Children's Education Investment——Empirical Evidence based on Chinese Family Panel Study

幸福感作为居民生活态度的综合反映,会对居民的经济活动产生实际影响。采用中国家庭追踪调查(CFPS) 2014年的调查数据,研究家长幸福感对子女教育投入的影响。实证结果表明,父母的幸福感对子女教育投入具有显著正面作用;使用工具变量避免内生性后,两阶段最小二乘(2SLS)回归结果依然高度显著且幸福感的影响程度更加明显。幸福感强的家长对子女未来的乐观预期与对风险资产的规避态度也许是这一现象产生的原因。

Well-being,as a comprehensive reflection of residents’attitude to life,has a real impact on the economic activities of residents.In this paper,we use the survey data from the China Family Panel Survey(CFPS)in 2014 to study the impact of parental well-being on children’s education investment.The empirical results show that parental well-being has a significant positive effect on children’s education investment;after using instrumental variables to avoid endogeneity,the regression results of two-stage least square(2SLS)were still highly significant and the effects of well-being was more obvious.Parents with a strong sense of well-being tend to be optimistic about their children’s future and their aversion to risky assets maybe is the cause of this phenomenon.