人口老龄化对金融市场的影响研究综述  

A Review of Research on the Impact of Population Aging on Financial Markets

作　　者：聂高辉[1] 尹璐瑶 Nie Gaohui;Yin Luyao(School of Information Management,Jiangxi University of Finance and Economics,Nanchang 330013,China)

机构地区：[1]江西财经大学信息管理学院,南昌330013

出　　处：《无锡商业职业技术学院学报》2020年第6期28-32,共5页Journal of Wuxi Vocational Institute of Commerce

基　　金：国家社会科学基金项目“我国人口老龄化的产业结构升级溢出效应研究”(17BJY077);江西省高校人文社会科学研究项目“江西省绿色金融风险监控与溢出效应研究”(GL19106)。

摘　　要：梳理人口老龄化对金融市场影响的相关文献,从货币市场、资本市场和保险市场三个方面综述国内外关于人口老龄化对金融市场影响的研究现状。从现有的文献来看,老龄化对货币市场的影响主要是储蓄率的变化;老龄化对资本市场的影响主要是改变金融资产配置和投资方向;老龄化对保险市场的影响主要是养老保险种类的增加和“以房养老”这一新的养老产品的推广。未来国内研究要重视实证分析,考虑时空背景,关注地区差异,把握老龄化对金融市场的宏观影响。This paper sorts out relevant literatures on the impact of population aging on financial market,and summarizes the research status of the impact of population aging on financial market at home and abroad from three aspects of money market,capital market and insurance market.From the existing literature,the impact of aging on the money market is mainly the change of the savings rate.The impact of aging on the capital market is mainly to change the allocation of financial assets and investment direction.The impact of aging on the insurance market is mainly the increase of endowment insurance types and the promotion of“house-for-pension”as a new endowment product.In the future,domestic research should pay attention to the empirical data analysis and the space-time background,and pay attention to the endogenous causality and the macro impact of aging on the financial market.

关 键 词：人口老龄化 货币市场 资本市场 保险市场 

分 类 号：F831.5[经济管理—金融学]