Jia Hongwen, Fan Shugang, Xia Miao
School of Economics, Lanzhou University, Lanzhou, China.
School of Marxism, Lanzhou University, Lanzhou, China.
Front Psychol. 2022 Aug 12;13:990610. doi: 10.3389/fpsyg.2022.990610. eCollection 2022.
During the COVID-19 pandemic, the Chinese government implemented a "dynamic zero" epidemic prevention policy, which led to an increase in the likelihood of business shutdowns, increased uncertainty about people's income, and changes in people's psychological expectations, which in turn influenced their behavioral choices. This study aims to understand the impact of COVID-19 and other major public health emergencies on household financial asset allocation. To do so, we conducted an online survey of 712 people in China to measure household financial asset allocation behavior during three different time periods: pre-pandemic, mid-pandemic, and post-pandemic. At the same time, we analyzed the impact of sociodemographic characteristics on risk attitudes and the differences in household asset allocation decisions at different pre-pandemic time points among people with different risk attitudes. The results show that household financial asset allocation changed significantly before, during, and after the pandemic, and residents' precautionary savings increased. In addition, gender, education level, occupation, and annual income have significant effects on risk preferences. The pandemic leads to increased uncertainty in economic and social development, people's psychological expectations of economic development play an important role in household financial asset allocation.
在新冠疫情期间，中国政府实施了“动态清零”的防疫政策，这导致企业停工可能性增加、人们收入的不确定性增大以及心理预期发生变化，进而影响了他们的行为选择。本研究旨在了解新冠疫情及其他重大突发公共卫生事件对家庭金融资产配置的影响。为此，我们对中国712人进行了在线调查，以衡量疫情前、疫情中期和疫情后三个不同时间段的家庭金融资产配置行为。同时，我们分析了社会人口特征对风险态度的影响以及不同风险态度的人群在疫情前不同时间点家庭资产配置决策的差异。结果表明，疫情前、疫情期间和疫情后家庭金融资产配置发生了显著变化，居民预防性储蓄增加。此外，性别、教育水平、职业和年收入对风险偏好有显著影响。疫情导致经济社会发展的不确定性增加，人们对经济发展的心理预期在家庭金融资产配置中发挥着重要作用。
