Work

The impact of rural upbringing on household risky financial asset allocation: An analysis based on CHFS

Year: 2024

Type: article

Abstract: This study analyzes the impact of rural upbringing on household risky financial asset allocation using data from the China Household Finance Survey (CHFS) for the years 2015, 2017, and 2019 as samples. The empirical results indicate that rural upbringing has a negative effect on household risky financial asset allocation. Risk preference plays a mediating role in the relationship between rural upbringing and household risky financial asset allocation. Total household assets exert a significant moderating effect on the relationship between rural upbringing and household risky financial asset allocation. The health status of residents also plays a moderating role in the relationship between rural upbringing and household risky financial asset allocation. Additionally, there is heterogeneity in the impact of rural upbringing on household risky financial asset allocation between married and unmarried residents.

Source: International Review of Economics & Finance

DOI: 10.1016/j.iref.2024.103775

Authors: Zhiyuan Qiu, Yilin Mou, Yutong Li

Institutions: Qufu Normal University, Columbia University, Shandong Jiaotong University

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Reduced inequalities, No poverty

Open Access status: hybrid

Estimated APC paid: $2,790