TY  - RPRT
        AU  - Liu, Xueying
AU  - Zhao, Zhong
        TI  - Does Social Pension Insurance Increase the Efficiency of Household Financial Portfolios?
        PY  - 2024/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 17492
        UR  - https://www.iza.org/publications/dp17492
        AB  - This study investigates the impact of social pension insurance on the efficiency of household financial portfolios, utilizing data from the 2019 wave of the China Household Finance Survey. Our findings indicate that social pension insurance significantly enhances the efficiency of household financial portfolios, partly through the channels of risk attitude and precautionary savings.
        KW  - social pension insurance
KW  - household portfolios
KW  - sharpe ratio
KW  - efficiency
        ER  -