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Does Social Pension Insurance Increase the Efficiency of Household Financial Portfolios?

Author

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  • Liu, Xueying

    (Capital University of Economics and Business, Beijing)

  • Zhao, Zhong

    (Renmin University of China)

Abstract

This study investigates the impact of social pension insurance on the efficiency of household financial portfolios, utilizing data from the 2019 wave of the China Household Finance Survey. Our findings indicate that social pension insurance significantly enhances the efficiency of household financial portfolios, partly through the channels of risk attitude and precautionary savings.

Suggested Citation

  • Liu, Xueying & Zhao, Zhong, 2024. "Does Social Pension Insurance Increase the Efficiency of Household Financial Portfolios?," IZA Discussion Papers 17492, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp17492
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    References listed on IDEAS

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    More about this item

    Keywords

    social pension insurance; household portfolios; sharpe ratio; efficiency;
    All these keywords.

    JEL classification:

    • G59 - Financial Economics - - Household Finance - - - Other
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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