Analysis Of Family Asset Allocation Of Chinese Residents

In the context of the continuous development of the national economy,the concept of family finance is constantly known by everyone.Residents began to be more and more interested in how to allocate family financial assets.But it is limited by many factors.Therefore,this has become an urgent problem to be solved.Therefore,this paper will focus on the impact of China’s old-age insurance on family financial asset allocation.The change of China’s family population structure has affected the allocation of family assets,especially the allocation of risk assets.After combing and summarizing the relevant literature,this paper first defines the relevant concepts,then points out the basic theories of the impact of social endowment insurance on family asset allocation:background theory,modern portfolio theory and life cycle hypothesis theory,and then makes a normative and Empirical Analysis on the impact of family population structure on family asset allocation.In the research process,taking the family population structure as the moderating variable,this paper further discusses the impact of social insurance on family asset allocation,and considers it more comprehensively.Secondly,the previous empirical analysis ignores the impact on household asset allocation from a long-term perspective,which is considered in this paper.In order to further analyze the article,this paper also analyzes its heterogeneity and tests its mechanism from the perspectives of different regions,urban and rural areas,marketization,financial literacy and income differences.The conclusions are as follows:1.The family population structure has a significant impact on the family asset allocation:the financial assets held by families rise and then fall with age,showing an inverted U-shape;The family size,the holding rate and ratio of family risk financial assets show the opposite trend,that is,the more family members,the lower the probability of family risk financial assets;The dependency ratio of the elderly is negatively correlated with financial assets;The higher the child dependency ratio,the more willing the family is to invest in risk financial assets.2、Firstly,the impact of family population structure on urban and rural families is different,and there are urban-rural differences;At the same time,through the analysis of the marketization level,it is found that the marketization level plays a positive regulatory role in the relationship between social endowment insurance and family asset allocation.3、From the perspective of family population structure,the research shows that family population structure plays an moderating role in social endowment insurance and family asset allocation.Because the role of family population structure is to distribute part of the existing income to the future through insurance companies,reduce the uncertainty of future income,form income in the elderly and let the elderly live a better life.