金融学院知识库

共同富裕是社会主义的本质要求，体现了全体人民的共同理想。家庭金融素养水平深刻地影响着家庭的金融决策能力，金融素养的匮乏从主观角度限制了家庭利用金融市场谋求自身发展的能力。因此，研究金融素养水平对共同富裕的影响，可以在共同富裕的建设过程中，充分发挥金融的重要作用。

为了从微观视角分析家庭金融素养对共同富裕的影响，本文借鉴现有文献中的共同富裕微观评价体系，从物质富裕、精神富裕、社会共享三个维度对家庭的共同富裕水平进行测度；并选择利率认知、通货膨胀认知、风险判断、对金融与经济信息关注程度和对金融市场的了解程度等9个问题，运用因子分析法对家庭的金融素养水平进行测度。在实证分析中，通过建立回归模型，研究金融素养对共同富裕的影响，并引入交互项考察该影响的城乡异质性与财富规模异质性。此外，通过中介效应模型考察家庭金融风险资产配置比例与家庭风险厌恶水平在金融素养对共同富裕的影响中起到的中介作用。

研究发现，提升金融素养水平对共同富裕具有显著的促进作用，且这一促进作用在物质富裕、精神富裕、社会共享三个维度均显著。通过异质性分析发现，对于农村家庭和财富规模较小的家庭而言，提高金融素养对共同富裕的推动作用更大。此外，通过中介效应分析得出，提升家庭金融素养水平可以通过提高家庭金融风险资产配置比例和降低家庭风险厌恶水平两条中介渠道促进共同富裕。基于上述研究结论，本文提出要重点提升农村家庭和财富规模较小的家庭的金融素养水平；同时，加大金融市场的监管力度，保障家庭投资者在资产配置过程中的合法权益，充分发挥金融风险资产配置在金融素养促进共同富裕过程中的中介效应。

Common prosperity is the essential requirement of socialism and embodies the common ideal of all the people. Finance has been closely linked to family life, and the level of financial literacy of families has a profound impact on their financial decision-making ability. The lack of financial literacy subjectively limits the ability of families to utilize the financial market for their own development. To study the influence of financial literacy on common prosperity, we can fully play the important role of finance in the process of building common prosperity.

In order to analyze the influence of family financial literacy on common prosperity from a microcosmic perspective, this paper uses on the existing literature on the measurement index system of individual common prosperity, and measures the family's common prosperity from three dimensions: material wealth, spiritual wealth, and social sharing. In this paper, we selected nine questions, such as interest rate cognition, inflation cognition, risk judgment, attention to financial and economic information and understanding of financial market, and used factor analysis to measure the financial literacy of households. In the empirical analysis, by establishing regression model, this paper studies the influence of family financial literacy on common prosperity. Furthermore, by introducing interactive items, it examines the urban-rural heterogeneity and wealth scale heterogeneity of the impact. In addition, the paper uses the mediating effect model to examine the mediating role of household risk financial asset allocation and family risk aversion level in the impact of financial literacy on common prosperity.

The study found that the improvement of family financial literacy has a significant on common prosperity, and this promoting effect is significant in the three dimensions of material wealth, spiritual wealth, and social sharing. Moreover, there are urban-rural heterogeneity and wealth scale heterogeneity in this promotion effect. For rural families and families with smaller wealth scales, improving financial literacy has a greater impact on promoting common prosperity. In addition, through the analysis of intermediary effects, this article verifies that improving the level of financial literacy of families can promote common prosperity through two intermediary channels: increasing the proportion of financial risk assets held by households and reducing the level of risk aversion of families. Based on the above findings, this paper proposes to focus on improving the financial literacy of rural households and those with smaller wealth. At the same time, we will strengthen the supervision of financial markets, safeguard the legitimate rights and interests of family investors in the process of asset allocation, and give full play to the intermediary effect of risky financial asset allocation in the process of financial literacy for common prosperity.