| In recent years,due to the aging of China's population,the decline in marriage rate and the rise of divorce rates,China's family structure is facing tremendous changes.In this case,changes in family structure can have a major impact on family financial decisions.In addition,with the rise of China's middle class power,its social influence is growing.Therefore,combining the two to conduct research will have far-reaching significance.Based on this,this paper takes Chinese middle-class families as the research object and uses the 2013 China Household Financial Survey(CHFS)data to empirically study how family structure affects family financial decision-making.Based on the relevant theories of family financial asset allocation,this paper uses regression model for empirical analysis.The results show that: First,in the middle class family,the family structure is indeed significantly related to financial investment behavior.Among them,the proportion of the elderly in the family is positively correlated with the probability of choosing savings,and is significantly positively correlated with the savings rate.The proportion of the youth population is significantly positively correlated with the participation of the family risk market and the proportion of investment.Second,among the middle-income families with different risk appetite,different financial concerns and different incomes,the influence of family structure on financial asset allocation is different.Thirdly,the influence of household head age and family risk market participation and investment proportion is significantly “inverted U-shaped”,and the choice of household savings and savings rate is roughly positive;total assets,income,gender,education level,financial concern The average degree was significantly positively correlated with family risk market participation and investment proportion,and family size was significantly negatively correlated with family risk market participation and investment proportion. |
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