 Basic public service equalization and household risk investment behaviorChang Zhang, Bo Yao and Chenjing Zhang Finance Research Letters, 2025, vol. 73, issue C Abstract: Despite extensive research on household financial behavior in emerging economies, limited attention has been given to how public service equalization affects investment decisions, particularly in China's evolving socioeconomic landscape. Using China Family Panel Studies 2020 data and entropy method analysis, this study examines how public service equalization influences household risk investment behavior while considering the moderating effects of social security coverage and elderly burden. Findings reveal that improved public service equalization encourages household participation in risky investments, with social security coverage strengthening this relationship and the elderly burden weakening it. Regional analysis shows stronger effects in eastern regions, while agricultural hukou holders demonstrate increased responsiveness to public service improvements. These insights inform policymakers to promote household financial well-being and market participation across China's diverse economic regions. Keywords: Public service equalization; Household risk investment; Social security; Elderly burden; Regional heterogeneity; Hukou status (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:73:y:2025:i:c:s1544612324016647 DOI: 10.1016/j.frl.2024.106635 Access Statistics for this article Finance Research Letters is currently edited by R. Gençay More articles in Finance Research Letters from Elsevier |
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