The Influence of Financial Literacy on Family Property Income

Duan Jiawei

Title:
The Influence of Financial Literacy on Family Property Income

Authors:
Duan Jiawei

Cite This Article :

Duan Jiawei "The Influence of Financial Literacy on Family Property Income" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-1, February 2023, pp.1264-1271, URL: https://www.ijtsrd.com/papers/ijtsrd53863.pdf

Download

Abstract :
The 14th Five-Year Plan and 2035 vision proposed to increase the property income of Chinese residents through various reasonable and legal means. As the basic unit of economic development in urban and rural areas, family income is of great importance. Improving household income is the key to win the overall well-off society, and financial literacy is an important factor affecting family income. The analysis is based on the 2019 China Household Finance Survey (CHFS) data. The results show that financial literacy has an obvious effect on the level of family property income in our country. Mechanism analysis shows that household participation in financial market plays an intermediary role in the process of financial literacy affecting property income. Heterogeneity analysis shows that the impact of financial literacy on property income is significantly greater for cities.

Keywords :
financial literacy; Property income; Financial market participation

Publication Details:

Unique Identification Number : IJTSRD53863

Published In : Volume-7 | Issue-1, February 2023

Page Number(s) : 1264-1271

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

About IJTSRD
Indexing

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.