Financial Risk Asset Holdings,Psychological Pressure and Happiness
An osculating correlation exists between possession of financial risk portfolio and happiness.Using the 2018 China Family Panel Studies(CFPS2018)data,this paper theoretically and empirically certifies that the possession of financial risk port-folio negatively affects happiness,while psychological pressure plays a significant mediating role between the two variables.Ad-ditionally,regional heterogeneity analysis finds that the negative impact of financial risk products on happiness in households in the eastern region is more pronounced than that in the central and western regions.The research conclusions provide some en-lightenment for the government to improve residents'happiness and financial institutions to establish a better financial environ-ment.
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NSTL
万方数据
