{"title":"退休、儒家文化与老年人的家庭金融资产配置","authors":"","doi":"10.1016/j.iref.2024.103498","DOIUrl":null,"url":null,"abstract":"<div><p>This paper explores the impact of retirement on the financial asset allocation of elderly households and innovatively examines the moderating effect of Confucian culture. Using data from the China Household Finance Survey, the empirical results show that older adults reduce risky assets and increase savings after retirement. Confucian cultural concepts reinforce this conservative trend. The study also reveals the heterogeneous effects of household head health, urban-rural differences, and risk attitudes on allocation. This paper provides an essential reference for optimising the allocation of older households' financial assets and addressing the ageing challenges.</p></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":null,"pages":null},"PeriodicalIF":4.8000,"publicationDate":"2024-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Retirement, confucian culture, and household financial asset allocation for older adults\",\"authors\":\"\",\"doi\":\"10.1016/j.iref.2024.103498\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>This paper explores the impact of retirement on the financial asset allocation of elderly households and innovatively examines the moderating effect of Confucian culture. Using data from the China Household Finance Survey, the empirical results show that older adults reduce risky assets and increase savings after retirement. Confucian cultural concepts reinforce this conservative trend. The study also reveals the heterogeneous effects of household head health, urban-rural differences, and risk attitudes on allocation. This paper provides an essential reference for optimising the allocation of older households' financial assets and addressing the ageing challenges.</p></div>\",\"PeriodicalId\":14444,\"journal\":{\"name\":\"International Review of Economics & Finance\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":4.8000,\"publicationDate\":\"2024-08-14\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Economics & Finance\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1059056024004908\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Economics & Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1059056024004908","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Retirement, confucian culture, and household financial asset allocation for older adults
This paper explores the impact of retirement on the financial asset allocation of elderly households and innovatively examines the moderating effect of Confucian culture. Using data from the China Household Finance Survey, the empirical results show that older adults reduce risky assets and increase savings after retirement. Confucian cultural concepts reinforce this conservative trend. The study also reveals the heterogeneous effects of household head health, urban-rural differences, and risk attitudes on allocation. This paper provides an essential reference for optimising the allocation of older households' financial assets and addressing the ageing challenges.
期刊介绍:
The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.