女性家庭决策赋权如何影响家庭金融资产配置

How does Women’s Empowerment in Family Decision Affect Family Financial Asset Allocation

从女性赋权角度出发,基于2014年中国家庭追踪调查(CFPS)数据,使用Probit和Tobit模型,探讨家庭决策对金融资产配置的影响。研究发现:我国家庭的金融资产配置较为单一。女性家庭决策赋权程度越高,家庭投资风险金融资产的概率越低,持有正规金融市场的资产比例越小。异质性分析表明缺乏金融素养的女性决策者,家庭金融配置单一问题更严重。机制分析表明女性家庭决策赋权通过改变家庭金融排斥程度影响家庭金融资产配置。鉴于此,需要加大金融知识宣传力度、丰富金融产品种类,以提升女性金融素养、缓解家庭金融排斥,进而丰富家庭金融配置类型,降低家庭财务风险。

From a women’s empowerment perspective,this study examines the impact of family decision-making on the allocation of financial assets using data from the China Family Panel Studies(CFPS)in 2014.The Probit and Tobit models are employed to analyze the data.The findings suggest that financial asset allocation within families tends to be relatively simple in China.As women’s empowerment in family decision-making increases,the likelihood of investing in risky financial assets decreases,resulting in a reduction in regular financial market asset holdings.Heterogeneous analysis reveals that female decision-makers with limited financial literacy face more significant financial challenges.Furthermore,the analysis of mechanisms demonstrates that empowering women in family decision-making changes financial exclusion within families,which in turn influences the allocation of family financial assets.Therefore,it is crucial to enhance the dissemination of financial knowledge and diversify the range of financial products in order to enhance women’s financial literacy,alleviate financial exclusion within families,and broaden the options for family financial allocation,ultimately reducing financial risks within households.