The Effect of Mortality Risk on Household Assets Choices:Evidence from China
Using CHFS data,we examine the effect of mortality risk on household financial assets allocations.Our results show that there are negative effects of mortality risk on stock and risky assets holdings.Furthermore,the effects of mortality risk are investigated by considering different regions,health status,and education level.For rural households,the effect of mortality risk on financial assets choices is stronger than urban household.And mortality risk has a weaker impact on healthy households than unhealthy households.And high-education households are more sensitive to mortality risk when they make household portfolios decisions.
mortality risk social pension household portfolio choices
Li Na He Lei
School of Business,Hunan Normal University,Changsha,China,410081
国际会议
大连
英文
360-366
2018-07-06(万方平台首次上网日期,不代表论文的发表时间)