Academic Journal of Business & Management, 2022, 4(9); doi: 10.25236/AJBM.2022.040912.
Huimin Shang
Beijing Technology and Business University, School of Economics, Haidian District, Beijing, 100089, China
This paper takes the data of 2017 China Family Finance survey data as a research sample, empirically analyzes the health status of family members on family investment behavior, and further analyzes the particularity of middle class families. The empirical results show that the worse the health of family members, the lower the participation in financial markets. Moreover, the heterogeneity analysis shows that the impact of health status on financial market participation is more influential on rural registered households. Further, this examination of middle class families found that health status affected their investment behavior.
Health Condition; Household Investment; Middle-Class Family; Asset Allocation
Huimin Shang. Health Status of Family Members on Family Investment. Academic Journal of Business & Management (2022) Vol. 4, Issue 9: 83-89. https://doi.org/10.25236/AJBM.2022.040912.
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