摘要
家庭金融是我国金融体系的重要组成部分,对金融风险的防控具有特殊意义。本文基于中国家庭金融调查(CHFS)2015年的数据,以居民家庭为研究对象,采用有序Probit模型研究了普惠金融、金融素养对家庭金融脆弱性的影响。研究发现:普惠金融及金融素养均对家庭金融脆弱性有显著的负向影响,但金融素养的上升降低了普惠金融对家庭金融脆弱性的抑制作用。普惠金融及金融素养显著提高了低金融脆弱性家庭的金融脆弱性,但对中高金融脆弱性家庭仍有显著的抑制作用。异质性研究发现,随着普惠金融指数的增加,农村家庭的金融脆弱性会比城镇家庭更大程度地降低,中部地区比东西部地区家庭金融脆弱性降低概率更大;随着金融素养的上升,普惠金融对城镇家庭及中西部地区家庭金融脆弱性的抑制作用会消失。本文的研究结论对于理解普惠金融和金融素养对我国家庭金融脆弱性的影响,进而抑制家庭金融风险具有重要的理论和现实意义。
As an important part of Chinese financial system,household finance is of special significance to the prevention and control of financial risks.Based on the data of China Household Finance Survey(CHFS)in 2015,this paper studies the impact of inclusive finance and financial literacy on household financial vulnerability by using the ordered Probit model with households as the research object.The study shows that both inclusive finance and financial literacy have a significant negative impact on household financial vulnerability.However,the increase of financial literacy weakens the inhibitory effect of inclusive finance on household financial vulnerability.Inclusive finance and financial literacy significantly increase the financial vulnerability of households with low financial vulnerability,but still has a significant inhibiting effect on households with medium and high financial vulnerability.The heterogeneity study finds that with the increase of inclusive finance index,the financial vulnerability of rural households will be weakened to a greater extent than that of urban households,and the probability of the decrease of financial vulnerability of households in the central region is greater than that in the eastern and western regions.With the rise of financial literacy,the inhibiting effect of inclusive finance on the financial vulnerability of urban families and families in the central and western regions will disappear.The research conclusions of this paper have important theoretical and practical significance for understanding the impact of inclusive Finance and financial literacy on the household financial vulnerability in China,and then to curb the financial risk of households.
作者
邢大伟
管志豪
Dawei Xing;Zhihao Guan
出处
《产业经济评论（山东）》
2021年第2期151-175,共25页
Review of Industrial Economics
基金
国家哲学社会科学基金一般项目“改革四十年来农村居民家庭消费行为嬗变及供需协同政策研究”(18BJL004)资助
关键词
普惠金融
金融素养
家庭金融脆弱性
Inclusive Finance
Financial Literacy
Household Financial Vulnerability
