数字经济参与对家庭养老金融资产配置的影响——基于CHFS微观数据的分析  

The Impact of Digital Economy Participation on Family Pension Financial Asset Allocation--The Analysis Based on CHFS Micro-Data

作　　者：朱晶晶 ZHU Jing-jing

机构地区：[1]中国社会科学院信息情报研究院

出　　处：《农村金融研究》2024年第8期30-42,共13页Rural Finance Research

基　　金：国家自然科学基金项目“银企信贷‘数字匹配’的效率增进、利率扭曲与数据治理研究”(编号:72363034);国家社会科学基金项目“风险分层、产品创新与精准服务乡村振兴的农业保险机制优化研究”(编号:21BJ185)的研究成果。

摘　　要：当前,数字经济蓬勃发展,正成为促进养老金融发展、提高养老生活质量、缓解人口老龄化问题的新动能。论文从数字经济参与的微观视角出发,基于中国家庭金融调查(CHFS)2019年的数据,运用固定效应模型等多种计量工具实证分析了数字经济参与对家庭养老金融资产配置的影响效果和作用机制以及数字经济参与对不同家庭的异质性影响。研究发现:数字经济参与可以显著提高养老金融资产规模、丰富养老金融资产种类、提升养老金融资产分散度,发挥优化家庭养老金融资产配置的作用;作用机制检验表明,家庭参与数字经济活动有助于促进家庭创业决策、提高金融素养水平,从而优化家庭养老金融资产配置;异质性分析表明,数字经济参与对农村、中西部地区、女性户主和低教育水平家庭的养老金融资产配置优化作用更显著。因此,应通过促进家庭积极参与数字经济活动、补齐欠发达地区数字基础设施短板以及强化创业技能和金融知识教育培训等措施,推动数字经济参与成为优化家庭养老金融资产配置的内生发展动力。At present,the vigorous development of the digital economy is becoming a new engine to promote the development of pension finance,improve the quality of life of the elderly,and alleviate the problem of an aging population.Based on the micro perspective of digital economy participation,this paper empirically analyzes the effects and mechanisms of digital economy participation on financial asset allocation for family pension,as well as the heterogeneous effects of digital economy participation on different households by using a variety of measurement tools such as fixed effect model based on the data of China Household Finance Survey(CHFS)in 2019.The results show that the participation of digital economy can significantly improve the scale of pension financial assets,enrich the types of pension financial assets,improve the dispersion of pension financial assets,and play a role in optimizing the allocation of family pension financial assets.The mechanism test shows that family participation in digital economic activities can help promote family entrepreneurial decision-making,improve financial literacy level,and optimize family pension financial asset allocation.Heterogeneity analysis shows that digital economy participation has a more significant effect on the optimization of pension financial asset allocation in rural areas,central and western regions,female heads of households and families with low education level.Therefore,measures should be taken to promote the active participation of families in digital economic activities,make up for the shortcomings of digital infrastructure in less developed areas,and strengthen the education and training of entrepreneurial skills and financial knowledge,so as to promote the participation of digital economy to become the endogenous development impetus for optimizing the allocation of financial assets for family pension.

关 键 词：数字经济参与 家庭养老金融资产配置 创业决策 金融素养 人口老龄化 

分 类 号：F840[经济管理—保险]