教育异质婚与家庭风险金融资产投资——基于CFPS的实证研究  

Educational Heterogamy Marriage and Household Investment in Risky Financial Assets—An Empirical Study Based on CFPS

作　　者：郑忠华 周芬芳 ZHENG Zhong-hua;ZHOU Fen-fang(Tiangong University,Tianjin 300387;Ocean University of China,Qingdao 266100)

机构地区：[1]天津工业大学,天津市300387 [2]中国海洋大学,山东青岛266100

出　　处：《财务与金融》2023年第5期24-32,共9页Accounting and Finance

摘　　要：作为婚姻选择中考察的重要因素,男女双方的教育差距可能对家庭风险金融资产的选择产生重要影响。运用2018年中国家庭追踪调查(CFPS)数据,实证分析教育异质婚对家庭风险金融资产投资的影响。研究发现:教育异质婚抑制了家庭风险金融资产投资;教育异质婚通过削减家庭社会网络、降低户主幸福感抑制家庭风险金融资产投资;对于城镇家庭、有房家庭和拥有更高教育背景的家庭来说,风险金融资产投资受教育异质婚的抑制作用更强烈。但是,在不同模式的异质婚之间,以及低等教育同质婚与不同模式异质婚之间,家庭对于风险金融资产的投资并不存在显著的统计学意义。As an important factor examined in marriage choice,the education gap between men and women may be significant in explaining household risky financial asset choices.Using data from the 2018 Chinese Family Panel Studies(CFPS),this paper attempts to reveal the impact of educationally heterogeneous marriages on household risky financial asset investment.It is found that:educational heterogeneous marriages inhibit household risky financial asset investment;by cutting down on family social network and lowering the well-being of the head of the household,educational heterogeneous marriages inhibit household risky financial asset investment;and risky financial asset investment is more strongly inhibited by educational heterogeneous marriages for urban households,households with houses,and households that have received a higher level of education.However,there is no statistically significant difference in households'investment in risky financial assets between different modes of heterogeneous marriages to each other,and between homogeneous marriages with the same lower level of education and different modes of heterogeneous marriages.

关 键 词：婚姻匹配 家庭风险金融资产 TOBIT模型 工具变量 

分 类 号：F830[经济管理—金融学]