儿童教育与父母经济状况：来自学校改革的证据

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-05-29 DOI:10.1016/j.frl.2025.107659

Shuang Yu , Manyi Wang , Yinhe Liang

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引用次数: 0

摘要

本文考察了子女受教育程度对父母财务行为的因果影响。利用1986年中国义务教育法在时间和地域上的外生差异，我们估计了儿童受教育程度的提高如何影响父母的财务结果。工具变量结果显示，子女教育显著增加了父母存款、风险和非风险资产持有量以及风险资产占年收入的比例。我们的机制分析表明，父母认知、代际支持、社会网络和社会保障的改善介导了这些影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Child education and parental financial outcomes: Evidence from a schooling reform

This paper examines the causal impact of children’s schooling on their parents’ financial behaviors. Exploiting exogenous variation from the timing and geographic rollout of China’s 1986 Compulsory Education Laws, we estimate how increased educational attainment among children affects parental financial outcomes. Instrumental variable results show that children’s education significantly increases parental deposits, risk and nonrisk asset holdings, and the ratio of risk assets to annual income. Our mechanism analysis indicates that improvements in parental cognition, intergenerational support, social networks, and social security mediate these effects.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance