金融素养对我国家庭养老规划的影响——基于中国家庭金融调查数据的分析

The Effect of Financial Literacy on Household Retirement Planning in China:Analysis Based on the Data of China Household Finance Survey

本文基于2015年中国家庭金融调查数据,研究了金融素养对养老规划的影响。研究发现:我国家庭金融素养水平较低,养老规划意识薄弱,社会养老和自我养老已明显超过家庭养老,但养老方式单一化问题严重。提高金融素养可以显著促进家庭进行养老规划,且该促进作用并无城乡差异,但对女性户主家庭作用更大。金融素养水平越高,家庭越倾向于选择社会养老、自我养老和多样化养老方式,家庭养老的可能性越小。影响机制分析表明,金融素养可以通过促进家庭参与金融市场进而提高养老规划的可能性,同时驱动家庭更多地选择自我养老和多样化养老方式。

By using China Household Finance Survey data in 2015,the paper investigates the effect of financial literacy on household retirement planning.The paper finds that household financial literacy appears to be low in China,weak retirement planning awareness still exists,the proportion of households supporting social or self old-age provision is more than that of family old-age provision.However,the problem that most households choose one pattern to support elderly life is severe;The paper also finds that financial literacy promotes households’participation in retirement planning.The effect has no difference between rural and urban households but attributes more to female-headed households.In addition,households with higher financial literacy tend to choose social old-age provision and self-provision,reducing the likelihood of family old-age provision and diversifying means of elderly support.Further analysis of influencing mechanisms reveals that financial literacy can facilitate household retirement planning,increase the possibility of self old-age provision,and diversify elderly support by promoting participation in the financial market.