本文選題：壽險(xiǎn)資產(chǎn)　切入點(diǎn)：同時(shí)配置　出處：《當(dāng)代經(jīng)濟(jì)科學(xué)》2013年03期

【摘要】：本文從生命周期風(fēng)險(xiǎn)和資產(chǎn)同時(shí)配置的視角研究中國(guó)城鎮(zhèn)家庭的壽險(xiǎn)和儲(chǔ)蓄、股票、房產(chǎn)四類資產(chǎn)的選擇問(wèn)題。作者利用中國(guó)家庭收入調(diào)查數(shù)據(jù),結(jié)合SUR和Probit、Tobit回歸聯(lián)合估計(jì)家庭幾類資產(chǎn)的選擇方程。主要發(fā)現(xiàn),家庭壽險(xiǎn)(股票)資產(chǎn)的持有率、壽險(xiǎn)(股票)占家庭金融資產(chǎn)的份額都是隨家庭生命周期變動(dòng)呈"倒U"型。家庭財(cái)務(wù)脆弱程度顯著影響了家庭的壽險(xiǎn)持有,但對(duì)于其他資產(chǎn)的持有決策沒(méi)有顯著影響。家庭資產(chǎn)配置中,房產(chǎn)擠出了三類金融資產(chǎn),壽險(xiǎn)和股票呈互補(bǔ)關(guān)系。隨著家庭收入的增長(zhǎng),家庭將更多地選擇金融資產(chǎn),尤其是壽險(xiǎn)和股票資產(chǎn)。負(fù)債的家庭更多地持有壽險(xiǎn),更少地持有儲(chǔ)蓄。中國(guó)南、北方家庭的資產(chǎn)持有形式存在較為顯著的差異。
[Abstract]:From the perspective of life cycle risk and asset allocation, this paper studies the choice of life insurance and savings, stock and real estate of Chinese urban households.Using the data of Chinese household income survey and combined with SUR and Probita Tobit regression, the author estimates the selection equation of several kinds of household assets.It is found that the holding ratio of household life insurance (stock) assets and the share of life insurance (stock) in household financial assets are all "inverted U" type with the change of household life cycle.Household financial vulnerability significantly affects household life insurance holdings, but has no significant impact on other asset holding decisions.In the allocation of household assets, real estate crowding out three types of financial assets, life insurance and stocks are complementary.As household incomes grow, households will choose more financial assets, especially life insurance and equity assets.Indebted households hold more life insurance and less savings.There are significant differences in the form of asset holding between the north and the south of China.
【作者單位】： 北京大學(xué)經(jīng)濟(jì)學(xué)院;西南財(cái)經(jīng)大學(xué)保險(xiǎn)學(xué)院;
【基金】：國(guó)家社會(huì)科學(xué)基金重點(diǎn)項(xiàng)目(批準(zhǔn)號(hào):10AGL010) 國(guó)家自然科學(xué)基金青年項(xiàng)目(批準(zhǔn)號(hào):71203038) 教育部人文社會(huì)科學(xué)基金青年項(xiàng)目(批準(zhǔn)號(hào):12YJCZH011、12YJC790272)
【分類號(hào)】：F842.6;F224
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本文編號(hào)：1708606