Research On Effect Of Two-children' Policy On Family Financial Planning

In Nov 2011,China implemented two-children policy for couples where both the husband and wife are from single child families;in Dec 2013,the two-children policy was revised for couples where either the husband or the wife is from a single child family;then in Oct 2015,the 5th plenary session of the 18th CPC central committee proposed the two-children policy for all couples(Universal Two-children Policy).Until then,the only one child policy for over 30 years in China has come to the end and instead two-children policy settles.Recently China has been experiencing the continuous increase in cost of house and commodities,which poses more living pressure to many families.This becomes the focus of academic community.Based on the possible change of family finances and asset structure caused by universal two-children policy,this essay is the report about research of families in Fuzhou.This essay firstly summarizes the research at home and abroad about family financial planning,on which basis concepts and the related theoretical basis of relevant family financial planning are expounded.Then,the research is carried out on Fuzhou families mostly because recidents in Fuzhou and its surrounding counties are of general characteristics of residents all over the country.Residents' disposable income of Fuzhou in recent years is of growth and their living and financing pattern has been greatly influenced by the speeding-up of urbanization and settlement.In addition,the author has been lived in Fuzhou city for more than ten years,and it is convenient to do research in Fuzhou and to make the results more credible.This essay adopts the methods of interview and questionnaire analysis,to explore the effect on family financial planning after the universal two-children policy is implemented in Fuzhou.This essay also uses the binary discrete selection model--probit model to find out the significant factors of influence of two-children policy on family financial planning,and then carries out the regression analysis for these factors,so that to make a deeper research on the effect of two-children policy on family financial planning of Fuzhou residents.Finally,with reference to foreign and domestic research results and on the basis of actual influence of two-children policy on Fuzhou residents financial planning,this essay puts forward a suggestion that two-children families need to take consideration of family itself,financial institutions and government departments to make a scientific and reasonable financial plans.The country should solve the difficulties of two-children families by carrying out reasonable employment preference,increasing the employment guarantee for the mothers with two children and improving the paid maternity leave system for women pregnant with second child.Families of two children should determine reasonable investment scale,suitable investment mode and scientific proportion of investment according to family income level so as to ensure steady growth of household assets.