金融教育、金融素养与家庭风险金融资产配置

Financial Education, Financial Literacy and the Allocation of Family Risk Financial Assets

基于CHFS2015数据实证分析了金融教育、金融素养对家庭风险金融资产配置的影响。研究发现,金融教育尤其是职业教育可以显著提升居民金融素养,金融素养显著促进家庭风险金融资产配置,且对股票、金融理财产品、基金、债券的配置、风险金融资产配置种类数和风险金融资产占金融资产比重均有显著正向影响。依据风险态度、学历、家庭总资产、城乡、东中西部划分子样本,发现金融素养对家庭风险金融资产配置各变量的影响存在异质性。进一步研究发现,金融教育对家庭风险金融资产配置及其占金融资产比重也具有显著的正向影响,且金融教育的影响作用是通过提升金融素养渠道实现的。

Based on CHFS2015 data,the impact of financial education and financial literacy on the allocation of family risk financial assets is analyzed in this paper.It is found that financial education,especially vocational education,can significantly improve the financial literacy of the residents.Financial literacy can remarkably promote the allocation of family risk financial assets and have an outstanding positive impact on stocks,financial products,funds,bonds,types of risk financial assets allocation and the proportion of risk financial assets to financial assets.According to the sub-samples of risk attitude,education background,total family assets,urban and rural areas and the east and west,it is found that there is a heterogeneity in the influence of financial literacy on the variables of family risk financial assets allocation.Further research shows that financial education has a significant positive impact on the allocation of family risk financial assets and their proportion of financial assets.And the influence of financial education is realized by improving the financial literacy channel.