收入风险、金融教育与家庭金融市场参与

运用中国城市居民消费金融调查数据，基于因果推断的分析框架，采用倾向分值匹配法研究了收入风险、金融教育对家庭金融市场参与的影响。研究发现，收入越稳定，家庭开展金融教育的概率越高；金融教育显著提高了家庭的金融市场参与；按收入风险将样本分组后，上述结论依然稳健，且金融教育对不同家庭金融市场参与的影响具有非对称性。在对家庭收入稳定性分类的基础上，有针对性地增加金融教育的供给，提升家庭整体的金融教育水平，有利于提高家庭金融市场参与度，优化家庭金融资产配置，进而改善家庭金融福利。

Income Risk,Financial Education and Household Financial Market Participation

Basing on the framework of the causal inference analysis, it uses propensity score matching method to explore the impact of income risks and financial education on family financial market participation by using the data of Consumer Finance Survey in China. The research finds that the more stable income of family, there are more possibilities for them to carry out financial education. Financial investment in education significantly to improve household financial market participation. According to the risk income after the sample group, the above conclusion remains valid, and financial education to the influence of different family financial markets to participate is asymmetry. Therefore, it could optimize household financial asset allocation and improve household financial welfare and family participation in financial markets by increasing the supply of financial education and enhancing the overall family financial education level.