Influence Of Family Assets Selection On Residents' Well-Being

With the development of society and economy,people are increasingly concerned about the improvement of the quality of life.Subjective well-being has become an important indicator of the quality of life of residents.There are many reasons that affect the well-being of Chinese residents.Among them,the accumulation of wealth caused by the increase in family income is the main factor.one.With the continuous increase of household disposable income,residents'happiness has stagnated or even declined.This indicates that the "happiness-income"paradox is a serious problem facing many countries,including China,and family income.The mechanism of action on the well-being of residents has therefore become more confusing.Under this background,optimizing the allocation structure of household assets to meet the needs of family investment has become one of the inevitable ways to improve the well-being of residents.Therefore,based on the perspective of micro survey data,this paper uses household consumption expenditure and total household income as a transmission mechanism,and tries to provide a new idea and empirical evidence for the promotion of residents' sense of well-being.This article selects indicators such as residents ' well-being,family assets,household consumption expenditures,and total household income,and uses the sample data from the 2013 and 2015 two-year surveys of household health and pensions in China for comparative analysis.The Logit model and the Tobit model were constructed to empirically investigate the impact of household asset selection on the well-being of residents from the perspective of micro-investigation.Firstly,from the perspective of basic regression analysis,the impact of household assets on the well-being of residents was examined to discriminate the differences in the effects of assets on the well-being of residents.Second,household consumption expenditure and household income were used as the conduction variables to construct consumption.The interactive items of income and various assets examine the effects of consumption and income on the relationship between household assets and residents'well-being.Finally,this article separately discusses the effect of urban household financial assets on residents ' well-being and urban household risk financial assets.Influencing factors of depth and breadth.The empirical results show that household risk-free financial assets,real estate,durable goods and other fixed assets can significantly improve the well-being of residents;family risk financial assets significantly reduce the well-being of residents;family consumption expenditure,total household income on assets and residents' well-being The modulating effects of sensation are all significantly negative;household consumption expenditure,income,old and young dependency ratio and education level are all important factors that affect the depth and breadth of family risk financial asset participation.This shows that by regulating household assets allocation structure,improving household investment capacity,guiding residents' rational consumption,strengthening financial market supervision,and rationally designing wealth management products,we can improve the status quo of Chinese residents' well-being.