人口老龄化对家庭金融资产配置的影响

Impact of Aging of Populationon an Allocation of Household Financial Asset

随着我国人口老龄化趋势的不断加强,家庭金融资产配置的生命周期特征将会愈发显著。通过分析家庭金融资产配置意愿以及家庭金融资产配置的机制,构建SVAR模型进行实证分析。结果发现:我国人口老龄化程度的进一步加深会使得我国家庭储蓄意愿进一步增强,对于高风险的金融资产投资会不断地减少,从而间接使得我国家庭的消费意愿减少。最后根据家庭金融资产配置需求的变化,为我国金融体系平稳运行提出相关政策建议。

With the increasing trend of population aging in China,the life cycle characteristics of family financial asset allocation will become more and more significant. By analyzing the willingness of family financial asset allocation and the mechanism of family financial asset allocation,this paper constructs SVAR model for empirical analysis. The results show that the further deepening of population aging will further increase the willingness of family savings in China,and the investment in high-risk financial assets will continue to decrease Thus,the consumption will of Chinese families will be reduced indirectly. Finally,according to the changes of the demand for the allocation of household financial assets,the paper puts forward relevant policy recommendations for the smooth operation of China’s financial system.