家庭金融研究综述——基于资产配置视角

家庭金融是金融学研究中的一个重要领域,二十多年来取得了重大进展,论文旨在从资产配置视角对这个领域的状况和发展做一个简要综述.论文首先概述了我国城镇居民家庭市场参与和投资分散化现状.其次,基于资产配置视角简述了家庭金融决策研究的基本框架.再次,从投资机会、生命周期、背景风险、社会保障、财富效应和社会资本等几个方面,介绍了资产配置视角下家庭金融研究的主要进展,最后对家庭金融研究的未来发展做了展望.

Household Finance: A Literature Review Based on the Asset Allocation

Household finance, an important research field of finance, has made a significant progress over the past two decades. This paper reviews the state and development of household finance from the perspective of asset allocation. First, we summarize the current status of market participation and investment diversification of urban households in China. Then, the general framework of household finance decision is briefly described. Moreover, this article elaborates on the major advance of household finance from six perspectives, i.e., investment opportunity, life cycle, background risk, social security, wealth effect and social capital. In the end we point out several research opportunities about future development of household finance.