Using the data from the 2019 China Household Finance Survey(CHFS),this study investigates the impact and mechanism of digital financial literacy on the diversity and proportion of risky financial asset allocation within households from a micro-perspective.The study finds that digital financial literacy can significantly promote the diversity and proportion of risky financial asset allocation within households.In terms of improving the diversity of household risk financial assets allocation,the role of digital financial ability is more significant in urban residents,families in the eastern region,and families with higher education and wealth levels.In terms of improving the proportion of household risk financial assets allocation,the role of digital financial ability is more significant among farmers,households in central and western regions,and households with lower education and wealth levels.The digital financial ability can optimize the allocation of family risk financial assets by improving family risk preference and promoting family insurance allocation.Therefore,relevant departments should focus on improving residents'digital financial capability,popularizing digital skills and financial knowledge,increasing investment in digital financial infrastructure construction,narrowing the"knowledge gap"and"digital gap",and promoting family participation in the financial market.
关键词
数字金融能力/家庭风险性金融资产配置/风险偏好/保险配置
Key words
digital financial literacy/financial asset allocation within households/risk attitude/insurance allocation
维普
万方数据