金融知识对城镇家庭财产性收入的影响研究——基于中国家庭金融调查(CHFS)数据

Research on the Influence of Financial Knowledge on Urban Family Property Income——Based on the Data of CHFS

采用2015年及2017年中国家庭金融调查(CHFS)两期数据,结合工具变量Tobit模型及分位数回归模型实证分析了金融知识水平对于城镇家庭财产性收入及收入结构的影响。研究结果表明,金融知识对于城镇家庭财产性收入及财产性收入占总收入的比重均具有显著的正向影响。分位数研究结果显示,金融知识对于财产性收入水平较低的家庭作用弹性更强。因此,政府及金融机构在维护金融市场良好稳健运行的基础上,要加大金融知识普及力度,提高居民的投资意识,加深居民对于金融产品的了解,提高低财产性收入家庭的财产性收入,缓解财产性收入给居民财富带来的“马太效应”。

Based on the two-period data of Chinese household finance survey(CHFS),combining Tobit and quantile regression model,this paper empirically analyzes the impact of financial knowledge on urban household property income and income structure.The results show that financial knowledge has a significant positive impact on the optimization of urban household property income and income structure.The results of the quantile study demonstrate that financial knowledge has a stronger resilience towards the households with lower property income.Therefore,on the basis of maintaining the prudent operation of financial markets,the government and financial institutions should increase the intensity of the spread of financial knowledge,improve the investment awareness of the residents.And it is necessary to enhance the low property income family's income so as to ease the"Matthew Effect"due to the property income.