• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu
    • Abstracting/ Indexing:  Crossref, Electronic Journals Library , EBSCO
    • E-mail: ijtef.editorial.office@gmail.com
HOME > Archive > 2019 > Volume 10 Number 5 (Oct. 2019) >
IJTEF 2019 Vol.10(5): 131-138 ISSN: 2010-023X
DOI: 10.18178/ijtef.2019.10.5.650

The Decision Effects on Household Finance in China: Householder or Spouse

Xinzhe Xu, Zhou Li, and Yulin Liu

Abstract—This paper uses the data of the China Household Finance Survey 2011 to research the impact of decision effects on household asset allocation. The results show that the family asset allocation significantly influenced by the attitude toward risk adopted by the householder spouse, and the family with lower risk aversion are more likely to hold the risky assets. The education level of the spouse can also affect the household asset allocation decisions significantly. Families with higher spousal education are more likely to invest in risky markets. And the families with same average educational level may have some differences in asset allocation due to the educational level gap. These results may reflect that: When family makes its decision on allocate assets, it may not only consider the investors’ characteristics who invest, but also consider the personal characteristics of other members in the family. Although the impact may have some differences, but the final asset allocation is depended on the overall participate ability level of the family. These results can provide a theoretical and empirical basis for China to establish some policies to develop the risky assets market and guide the residential participation in the risky assets market.

Index Terms—Family members, asset allocation, family decisions.

The authors are with Chongqing University, China (e-mail: 476075331@qq.com).

[PDF]

Cite: Xinzhe Xu, Zhou Li, and Yulin Liu, "The Decision Effects on Household Finance in China: Householder or Spouse," International Journal of Trade, Economics and Finance vol.10, no.5, pp. 131-138, 2019.

Copyright © 2019 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

PREVIOUS PAPER
Research on Impaction of On-line Buyers’ Lifestyle Factors to Word-of-Mouth Communication Effect
NEXT PAPER
Last page

Copyright © 2008-2024. International Journal of Trade, Economics and Finance. All rights reserved.
E-mail: ijtef.editorial.office@gmail.com