CAJ | 학술논문

利用中国家庭金融调查（CHVS）的微观调查数据，从居民特征的异质性出发，系统地分析了两个问题：居民风险态度的影响因素、居民风险态度对社会保险参与的影响。从个体基本差异、资产、家庭规模、背景风险、安全因素、金融市场了解程度、幸福因素、流动性约束、地区因素、经济信息因素等方面对居民的风险态度进行了分析，特别是首次考察了安全因素、幸福因素和经济信息因素对居民风险态度的影响。结果表明：有安全防范意识、认为社会治安较好、幸福感较强、关注经济信息以及信息来源渠道较多的居民为风险偏好者的概率较大。风险偏好与养老保险、医疗保险参与的可能性呈负相关，与失业保险参与的可能性呈正相关。而风险厌恶则有着相反的影响。
이용중국가정금융조사（CHVS）적미관조사수거，종거민특정적이질성출발，계통지분석료량개문제：거민풍험태도적영향인소、거민풍험태도대사회보험삼여적영향。종개체기본차이、자산、가정규모、배경풍험、안전인소、금융시장료해정도、행복인소、류동성약속、지구인소、경제신식인소등방면대거민적풍험태도진행료분석，특별시수차고찰료안전인소、행복인소화경제신식인소대거민풍험태도적영향。결과표명：유안전방범의식、인위사회치안교호、행복감교강、관주경제신식이급신식래원거도교다적거민위풍험편호자적개솔교대。풍험편호여양로보험、의료보험삼여적가능성정부상관，여실업보험삼여적가능성정정상관。이풍험염악칙유착상반적영향。
In the hypothesis of heterogeneity, we use the micro survey data of CHFS to analyze two problems ： factors that influence the risk attitude of residents＇, influences of residents＇ risk attitude on the choice of social insurance. We analysis factors that influence the risk attitude from ten aspects, such as the basic difference of the individual, happiness, the safety factors, the degree of financial market understanding, background risk,economic information, liquidity constraints and so on. Especially, we first consider the safety factor, happiness and economic information. The results show that： People who have the safety consciousness, think the social security is better, have more happiness, focus on the economic information and have more information sources will be more possible of risk preference. Risk preference is negatively correlated with the participation of endowment insurance and medical insurance, positively correlated with the participation of unemployment insurance. While the effect ofrisk aversion is opposite,