Journal of Beijing University of Posts and Telecommunications(Social Sciences Edition) ›› 2015, Vol. 17 ›› Issue (5): 68-75.

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Consumer Financial Education and Diversification of Social Security Choice for Household ——Empirical Analysis Based on PSM

  

  1. School of Finance, Anhui University of Finance and Economics, Bengbu 233030, China
  • Received:2015-02-03 Online:2015-10-30 Published:2023-03-27

Abstract: The impact of financial education on diversification of social security choice for household is empirically analyzed with propensity scoring matching(PSM) It is found that under the mixing samples, the level of financial education for consumers affects diversification of social security choice for household significantly Division by consumer occupation shows that compared with other consumers, consumers who work in public and technical sections have significant differences in pension insurance and long-term investment aimed at security under the background of outstanding industry differences, while difference in pension savings is not showed significantly

Key words: consumer financial education, social security, propensity scoring matching, household security

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