| The recent thirty year's economic reform and development in China have resulted in constant family property growth. And the question becomes a social focus as how to realize resident's property income. For more options exist in family financial asset as well as real estate as non financial asset, it becomes a limited view to consider family asset condition just from saving and consuming theory.On the basis of existing research, the paper applies the lifecycle effect maximization method to the configuration of family asset research. Different from existing research, the paper also includes the following issues: the influence of asset debt, the configuration of family asset on the condition of sufficient credit ability and the modeling of real estate as an investment tool.In demonstration research , because it is difficult to find enough date such as family asset, family income, family structure in China, this paper use date in US to carry out sensitivity analysis. And qualitative analysis is exert to the configuration of family asset, mainly financial asset, in China such as background of asset configuration, change in the statistical amount of family financial asset and restriction of family financial asset configuration in China.On the basis of existing dynamic layout model, this paper also include real estate, financial asset and debt into the model, considering that these factoring also playing a role in the configuration. The model in the paper use slope of marginal utility function as a representation of family trait innovatively. Allocation of parameters in family asset configuration through demonstration research is an invocation in research method. The research in the paper will help family to make a more reasonable investment decision to keep and increase the asset value and to deal with the uncertainty in investment in one hand, and in another, will provide foundation to land agent and financial institution in their production design. |
