Research on the Relationship between Family Population and Asset Portfolio: Evidence from China

DOI

10.2991/ssmi-19.2019.15How to use a DOI?

Keywords

Number of Children; Portfolio Selection; Instrumental Variables; Poisson Regression Model; Full-Nest Families.

Abstract

This paper uses the data of China Family Financial Survey (CHFS) to analyze the impact of the number of children in urban and rural families on the family portfolio selection behavior during the full nesting period. And using the instrumental variable method to overcome the endogenous problem of the number of children, and accurately identifies the causal effect of the number of children in urban and rural families on the family portfolio selection behavior during the full nesting period. Altruistic motivation and inheritance motivation, urban and rural households in the period of full nesting will adjust the household portfolio selection strategy by increasing the number of women, increasing the ownership of the real estate, and reducing the holding of financial assets. This phenomenon is particularly evident in rural areas. The empirical results of this paper show that in the period of full nesting, households will adjust the portfolio of assets they hold in order to regulate the reasons. Economical pressure on parents to raise their children brought about by changes in the number of children.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yikun Chi
PY  - 2019/12
DA  - 2019/12
TI  - Research on the Relationship between Family Population and Asset Portfolio: Evidence from China
BT  - Proceedings of the 2nd International Symposium on Social Science and Management Innovation (SSMI 2019)
PB  - Atlantis Press
SP  - 481
EP  - 490
SN  - 2352-5398
UR  - https://doi.org/10.2991/ssmi-19.2019.15
DO  - 10.2991/ssmi-19.2019.15
ID  - Chi2019/12
ER  -