Financial Assets,Non-Financial Assets and Residents'Happiness——Analysis based on household micro-data
The pursuit of happiness is the people's growing need for a better life,and the allocation of household assets has an impor-tant impact on residents'happiness.This paper analyses the impact of household financial assets and household non-financial assets on family members'happiness and their mechanisms of action based on data from the China Household Finance Survey(CHFS).The results show that:Both household financial assets and household non-financial assets can significantly enhance the happiness of family members,and household non-financial assets are more helpful to enhance the happiness of family members;Family members who are not the head of the household will be more likely to obtain happiness due to the increase of household assets;Household financial assets and household non-fi-nancial assets have obvious income-generating effects,and they can enhance the happiness of family members through the increase of household income.Based on this,financial knowledge should be popularised to promote the optimal allocation of household assets,financial information regulation and disclosure should be enhanced to protect the rights and interests of investors,and residents'income channels should be enriched to raise the level of residents'income.
household financial assetshousehold non-financial assetshappinesshousehold income
NETL
NSTL
万方数据
