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

Xueying Liu and Zhong Zhao
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Xueying Liu: Capital University of Economics and Business, Beijing

No 17492, IZA Discussion Papers from IZA Network @ LISER

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.

Keywords: social pension insurance; household portfolios; sharpe ratio; efficiency (search for similar items in EconPapers)
JEL-codes: G59 I28 J24 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2024-12
New Economics Papers: this item is included in nep-age, nep-cna, nep-inv and nep-rmg
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Related works:
Journal Article: Does social pension insurance increase the efficiency of household financial portfolios? (2025)
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp17492

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