Business School, Hubei University, Wuhan 430062, China.
Business School, Zhengzhou University, Zhengzhou 450001, China.
Int J Environ Res Public Health. 2023 Jan 26;20(3):2229. doi: 10.3390/ijerph20032229.
Based on the 2019 China Household Finance Survey (CHFS) data, this paper used factor analysis to measure the level of financial literacy of surveyed householders and used the Probit model and the negative binomial model to test the impact of financial literacy () on household health investment (). The results show that: (1) is an essential influencing factor in increasing participation in , and householders with a higher level of are also more willing to pay for diversified investments. (2) We split the level from the two dimensions of knowledge and ability. We found that the primary (including financial knowledge, computing ability, and correct recognition of investment product risk) plays a more critical role in the investment decision process. (3) When information sources, health knowledge, and family income are used as mediating variables, can influence the decisions of in three ways: expanding information sources, enriching health knowledge, and alleviating income constraints. (4) By analyzing the heterogeneity of household heads in different regions and with different personal characteristics, we found that the medical level of the household location and the life and work experience of the householders played a moderating role.
基于 2019 年中国家庭金融调查（CHFS）数据，本文采用因子分析法测算了被调查家庭户主的金融知识水平，并利用 Probit 模型和负二项模型检验了金融知识（）对家庭健康投资（）的影响。结果表明：（1）是提高参与度的重要影响因素，金融知识水平较高的户主也更愿意进行多元化投资。（2）我们从知识和能力两个维度拆分了金融知识水平，发现基础性金融知识（包括金融知识、计算能力和对投资产品风险的正确认识）在投资决策过程中发挥着更为关键的作用。（3）当信息来源、健康知识和家庭收入作为中介变量时，金融知识可以通过三种方式影响健康投资决策：扩展信息来源、丰富健康知识和缓解收入约束。（4）通过分析不同地区和具有不同个人特征的户主的异质性，我们发现家庭所在地的医疗水平和户主的生活工作经历起到了调节作用。
