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Does social pension insurance increase the efficiency of household financial portfolios?

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  • Liu, Xueying
  • Zhao, Zhong

Abstract

This study examines how social pension insurance influences household financial portfolio efficiency using data from the 2019 China Household Finance Survey. Findings reveal that social pension insurance significantly improves portfolio efficiency, primarily through risk attitude and precautionary savings.

Suggested Citation

  • Liu, Xueying & Zhao, Zhong, 2025. "Does social pension insurance increase the efficiency of household financial portfolios?," Finance Research Letters, Elsevier, vol. 81(C).
    • Handle: RePEc:eee:finlet:v:81:y:2025:i:c:s1544612325005860
    DOI: 10.1016/j.frl.2025.107323
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • G59 - Financial Economics - - Household Finance - - - Other
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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