我国城乡家庭金融资产配置及影响因素分析

Comparative Analysis of the Structure of Financial Assets Allocation and Influencing Factors between Chinese Urban and Rural Households

家庭是金融市场的重要服务对象。家庭金融资产选择、家庭金融改革、家庭寻求财产性收入增加与扩大消费需求等现实问题的解决具有理论意义和实际价值。基于2016年中国家庭追踪调查(China family panel studies,CFPS)数据,使用分组比较法和Logit模型分析中国城乡家庭金融资产配置结构和影响因素。结果表明,城乡家庭资产呈积聚性和非均衡性特征,城市家庭高风险金融产品持有比例高于农村家庭;金融资产内部结构中,风险较低、流动性高的资产占比最高;相较于资产较低的家庭,资产积累极高的家庭,对金融产品风险较为敏感。教育水平有助于理性对待金融资产配置;健康水平、家庭人口规模等短期内直接影响家庭可支配收入的要素,对金融资产配置具有显著影响。最后尝试性地给出相关建议。

Family is an important service object of financial market.It has theoretical significance and practical value to solve the practical problems such as the choice of family financial assets,family finance reform,the increase of family property income and the expansion of consumption demand.Based on the 2016 China Family Panel Studies(CFPS)data,the group comparison method and Logit model are used to analyze the financial asset allocation structure and influencing factors of urban and rural households in China.The results show that the assets of urban and rural households are characterized by accumulation and imbalance,the proportion of high-risk financial products held by urban households is higher than rural households,and assets with low risk and high liquidity is highly hold in the internal structure of financial assets.Compared with low assets households,high assets households are more sensitive to financial products risk.Education level is helpful to identify financial risks rationally.Health level,household size and other factors which will directly affect household disposable income in the short term have a significant impact on the allocation of financial assets.Finally,try to shed light on some suggestions.