摘要
移动支付技术的发展通过扩大交易边界,提高了居民的金融可得性,间接促进了家庭的金融行为。本文利用中国家庭金融调查(CHFS)2017年的数据,选取是否拥有智能手机作为工具变量,利用Probit和2SLS模型研究了移动支付对家庭金融资产配置的影响,并控制了区县固定效应。研究发现,移动支付的使用显著推动了家庭进入金融市场、持有多种金融资产、并有利于家庭积累更多财富,其中移动支付对家庭进入股票、基金等高风险市场的促进作用明显高于低风险市场。异质性分析表明,年龄、教育水平、城市化水平、城市经济水平的差异影响了移动支付对家庭金融资产配置的促进作用。加强移动支付平台建设有利于促进我国居民金融资产结构优化,推动金融市场发展完善,促进经济长期有效发展。基于此,本文从平台、市场、居民三个方面提出了相关的政策建议。
The technological development of mobile payment improves financial availability of residence by widening transaction scope,and therefore stimulates household financing activities.This study based on CHFS2017 database,mainly uses Probit,2SLS and OLS model to analyze the impact of mobile payment on household financing asset allocation with county fixed effect and instrumental variable as the availability of mobile phone.Results proves that the use of mobile payment greatly stimulates family to enter financing market holding diversified investment portfolio,especially for the risky market.The heterogeneity test shows that age,education,urbanization and economy affects the facilitation of mobile payment.Strengthening the construction of mobile payment platform facilitate the improvement of China household financing asset structure and promote the development of financing market and economic growth.According to this,paper brings forward related policy recommendation from the perspective of platform,market and residence.
出处
《产业经济评论》
2020年第4期105-117,共13页
Review of Industrial Economics
关键词
移动支付
家庭金融资产
分散化投资
mobile payment
household financing asset
diversified investment portfolio
