金融知识差异与我国家庭财富积累

通过应用中国城市家庭消费金融调研数据,本文系统的实证检验了改进后的金融知识指标、经济学专业、金融学专业以及家庭理财规划等因素对家庭各项财富积累的影响,并通过使用合适的工具变量进行两阶段估计,验证了这种正向影响的稳健性。此外,实证结果中家庭理财规划以及理财规划时间跨度的正向边际效应表明,理财规划可能是金融知识差异影响家庭财富积累的重要机制。研究结论有利于更准确地理解居民金融知识差异对于家庭福利,特别是退休福利的影响。

Financial literacy difference and Chinese household wealth accumulations

By using the survey data of Chinese urban household consumption finance, this paper systematically analyzes the influence of improved financial knowledge index, economics major, finance major, and related financial planning on family wealth accumulation, and verifies that the significant positive impact of financial knowledge on household wealth accumulation is robust. In addition, the positive marginal effect of family financial planning and the time span of financial planning indicates that financial planning may be an important mechanism of financial knowledge differences affecting family wealth accumulation. The conclusion is helpful to further understand the impact of financial knowledge differences on family welfare, especially retirement welfare.