高等教育获得对家庭金融脆弱性的影响——基于金融素养与融资渠道偏好的传导路径

Impact of Tertiary Education Attainment on Household Financial Vulnerability--Based on the Transmission Path of Financial Literacy and Preference for Financing Channels

基于2015—2019年的中国家庭金融调查数据,运用固定效应与双重差分模型,分析高等教育获得对家庭金融脆弱性的影响。研究发现:高等教育获得和高校扩招政策显著降低家庭金融脆弱性,有助于改善家庭财务状况;在中等收入阶层、持风险规避型态度以及西部区域家庭中,高等教育获得对家庭金融脆弱性的缓解作用表现得较为明显;高等教育获得通过居民金融素养及融资渠道偏好,削弱家庭金融脆弱性。

Based on the China Household Finance Survey data from 2015 to 2019,the paper used the fixed effects and the difference-in-differences model,to analyze the impact of tertiary education attainment on household financial vulnerability.The research found that,tertiary education attainment and the policy of enrollment expansion in tertiary education institutions could significantly reduce household financial vulnerability,and help to improve household financial conditions.The alleviating effect of tertiary education attainment on household financial vulnerability was more pronounced in middle-income households,those with risk-averse attitudes,and families in western regions.Tertiary education attainment has reduced household financial vulnerability through improvements in resident financial literacy and preferences for financing channels.