金融素养影响农户金融资产组合分散化吗?——以陕西省682个农户为例  

Does Financial Literacy Affect the Diversification of Farmers'Financial Asset Portfolio——Take 682 Farmers in Shaanxi Province as an Example

作　　者：胡振 聂雅丰 HU Zhen;NIE Ya-feng

机构地区：[1]西北农林科技大学经济管理学院

出　　处：《农村金融研究》2020年第12期3-11,共9页Rural Finance Research

基　　金：教育部人文社会科学项目“金融素养对农户金融资产配置决策的影响机制及提升策略研究”(编号:18YJC790053);中国博士后科学基金项目“金融素养对农户金融资产选择行为影响研究”(编号:2018M631212);陕西省哲学社会科学基金项目“陕西省农村居民金融素养及其对金融资产配置的影响机制及优化路径研究”(编号:2018S19)支持。

摘　　要：论文基于陕西省农户实地调研数据,测算了农村居民金融素养水平及金融资产组合分散化程度,实证检验了金融素养对金融资产组合分散化的影响。结果表明:整体上,农村居民金融素养较低,且存在明显的性别差异,男性显著高于女性;金融素养与居民收入及受教育程度正相关;农村居民金融资产组合分散化水平总体上较低,均值仅为0.820;金融素养对居民的金融资产组合分散化有显著的提升作用;细分样本回归中,金融素养对低收入家庭的影响更为显著,对教育水平更高的家庭影响更大;对非购房家庭的影响显著高于购房家庭,购房对金融资产投资产生挤出效应。建议通过多种方式有效改善农村居民金融素养,提高金融资产配置能力,进而增加其财产性收入,改善其金融福利水平。Based on the field investigation data of rural areas in Shaanxi Province,this paper estimates the financial literacy and the financial asset portfolio decentralization degree of rural residents,analyzes the impact of financial literacy on financial asset portfolio diversification.The results show that;overall,the financial literacy of rural residents is relatively low,and there is a significant gender difference,the male is significantly higher than that of the female;Financial literacy is positively correlated with residents’income and education;the financial asset portfolio decentralization degree of rural residents,is generally low,with an average of only0.820;financial literacy has a significant role in promoting the diversification of financial assets portfolio of residents;In the regression of subdivision samples,financial literacy has a more significant impact on the families with lower income,higher education,and non-house,and house-buying has an crowding-out effect on financial assets investment.It is suggested that rural residents'financial literacy and financial asset allocation ability be improved through various ways,so as to increase their property income and improve their financial welfare level.

关 键 词：金融素养 金融资产组合分散化 倾向分值匹配法 内生性 资产配置 

分 类 号：F832.5[经济管理—金融学] F323.6