孙桐,廖毓

• 1:首都经济贸易大学外国语学院
• 2:首都经济贸易大学金融学院

摘要(Abstract)：

家庭财务脆弱性是衡量家庭经济风险的重要指标。降低家庭财务风险有助于提高人民的生活质量和幸福感，保障金融市场健康稳定发展。本研究基于2015—2019年中国家庭金融调查(CHFS)数据，分析教育对家庭财务脆弱性的影响及作用机制。工具变量估计结果显示，随着居民受教育水平的增加，家庭财务脆弱性显著下降，该抑制作用对低收入、农村户籍以及中西部地区的居民更为明显。机制分析表明，教育有助于增加家庭收入，提高居民金融知识水平，以及促进商业保险购买，从而缓解家庭财务脆弱性。本研究为解读人力资本在抑制家庭经济风险中的作用提供了经验证据，为提升家庭经济韧性和防范系统性风险提供参考。

关键词(KeyWords)： 受教育水平;财务脆弱性;财务保证金;家庭经济风险

Abstract:

Keywords:

基金项目(Foundation): 北京市社会科学基金青年项目“人口老龄化背景下北京市家庭财富对养老行为的影响研究”（项目编号：22JJC041）的资助

作者(Author): 孙桐,廖毓

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