关键词: 收入风险, 金融教育, 金融市场参与, 倾向分值匹配法

Abstract: Basing on the framework of the causal inference analysis, it uses propensity score matching method to explore the impact of income risks and financial education on family financial market participation by using the data of Consumer Finance Survey in China. The research finds that the more stable income of family, there are more possibilities for them to carry out financial education. Financial investment in education significantly to improve household financial market participation. According to the risk income after the sample group, the above conclusion remains valid, and financial education to the influence of different family financial markets to participate is asymmetry. Therefore, it could optimize household financial asset allocation and improve household financial welfare and family participation in financial markets by increasing the supply of financial education and enhancing the overall family financial education level.

Key words: Income Risk；Financial Education；Financial Market Participation, Propensity Score Matching