金融知识对商业保险参与的影响——来自中国家庭金融调查(CHFS)数据的实证分析

Journal of Financial Research

2016, Vol. 436

Issue (10): 143-158 DOI:

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The Effect of Financial Literacy on Household Commercial Insurance
Participation: An Empirical Research Based on the Data of
China Household Finance Survey

Qin Fang, Wang Wenchun, He Jincai

Survey and Research Center for China Household Finance,Southwestern University of Finance and Economics;
Financial Research Center, Fudan University;
School of Economics and Management, Chongqing Jiaotong University

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Abstract By using China Household Finance Survey (CHFS) data, the paper investigates the effect of financial literacy on household commercial insurance participation. The paper finds that financial literacy promotes households’ participation in commercial insurance market. The effect has no difference between rural and urban household. Moreover, people with higher financial literacy tend to expend more on insurance premium. Our findings suggest that popularization of the residents’ financial knowledge is an important means to promote the development of commercial insurance market.

Key words： Financial Literacy Commercial Insurance Participation Decision

Received: 19 January 2016 Published: 01 January 1900

JEL分类号:	G22
	J10
	113

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Cite this article:

Qin Fang,Wang Wenchun,He Jincai. The Effect of Financial Literacy on Household Commercial Insurance
Participation: An Empirical Research Based on the Data of
China Household Finance Survey[J]. Journal of Financial Research, 2016, 436(10): 143-158.

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http://www.jryj.org.cn/EN/ OR http://www.jryj.org.cn/EN/Y2016/V436/I10/143

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