中国城市居民的金融受排斥状况研究  

A Study on Chinese Urban Residents’ Financial Exclusion:Empirical Evidence Based on Micro-Survey Data

作　　者：李涛[1] 王志芳[2] 王海港[1] 谭松涛[3] 

机构地区：[1]中央财经大学经济学院,100081 [2]中国农业大学人文与发展学院,100083 [3]中国人民大学财政金融学院

出　　处：《经济研究》2010年第7期15-30,共16页Economic Research Journal

基　　金：北京奥尔多投资咨询中心<投资者行为与秩序>研究项目的一项阶段性研究成果;国家自然科学基金项目"基于社会互动的投资者参与理论"(70703037);"基于微观调查数据的中国居民金融排斥研究"(70973141);中央财经大学"211工程"三期建设项目的资助

摘　　要：中国城市居民在储蓄、基金、保险、贷款等方面存在着严重的金融受排斥状况,即他们不能以恰当合理的方式获得这些金融服务。这种金融受排斥状况的影响因素是什么?基于2007年中国15城市居民投资行为调查数据,本文发现,家庭资产的增加和社会互动程度的提高都可以降低居民受到金融排斥的可能性,而居民在储蓄方面没有被排斥也可以降低他们在基金、保险、贷款等方面受到排斥的可能性。不同金融服务的排斥状况也有着其他不同的影响因素。本文的政策涵义在于:维护和增进中国居民的福利需要解决他们的金融排斥问题,这需要有关机构采取措施来增加居民的家庭资产积累、改善居民在获得金融服务时的社会结构以及保证居民有一定的储蓄存款。There exists serious financial exclusion for Chinese urban residents in their savings, mutual fund investment, insurance, and loan, i.e. , they can not get those services in a proper way. What factors Lie behind this financial exclusion？ Based on a survey of Chinese urban resident investment behaviour in 15 cities in 2007, we find that both the increment of household assets and the enhancement of social interaction could reduce the probability of financial exclusion in those four kinds of financial services, and the non - existence of saving exclusion plays the same role in the financial exclusion for mutual fund investment, insurance, and loan. Moreover, for financial exclusion in any specific financial service, there are different factors which have significant explanatory power. These findings have important policy implications. Solving financial exclusion is a must to maintain and improve Chinese household welfare, which in turn requires the government to pay attention to promoting household assets accumulation, improving the social interaction and making sure people have certain savings.

关 键 词：金融排斥 储蓄 基金 保险 贷款 

分 类 号：F832[经济管理—金融学]