异地入学门槛对流动家庭资产配置的影响  

The Impact of Compulsory Education Enrollment Restriction on the Asset Allocation of Migrant Households

作　　者：贾婧 邵楚楚 

机构地区：[1]安徽大学大数据与统计学院,安徽合肥230601

出　　处：《上海金融》2024年第11期57-70,共14页Shanghai Finance

基　　金：国家自然科学青年科学基金项目“异地升学压力、流动家庭隐性教育投资与人力资本积累”(72203002)

摘　　要：本文测算义务教育阶段异地入学门槛指数,并结合中国家庭金融调查(CHFS)数据,构建双重差分模型探究其对流动家庭资产配置的影响及作用机制。结果表明,异地入学门槛较高城市的流动家庭会增加房屋资产、减少金融资产。机制检验表明,家庭老年人口占比和财务脆弱性削弱了异地入学门槛对流动家庭房产持有的正向影响,而家庭杠杆率和现金流动性增强了异地入学门槛对流动家庭金融资产持有的负向影响。异质性分析揭示了不同地区和家庭特征下的影响差异。In this paper,we measure the Compulsory Education Enrollment Restriction Index(CEERI),and combine it with data from the China Household Finance Survey(CHFS).Subsequently,we construct a Difference-in-Differences(DID)model to explore its impact on the asset allocation of migrant households and the mechanisms of its role.The results suggest that migrant households in cities with higher CEERI increase their holdings of housing assets and decrease their holdings of financial assets.Mechanism analyses reveal that both the proportion of elderly individuals within the household and financial vulnerability attenuate the beneficial impact of the CEERI on the asset holdings of migrant households.In contrast,household leverage and cash liquidity amplify the adverse effect of the CEERI on the financial asset holdings of migrant households.Heterogeneity analyses reveal differences in impacts across regions and household characteristics.

关 键 词：异地入学门槛 流动家庭资产配置 义务教育阶段 

分 类 号：F014[经济管理—政治经济学]