가계 특성이 금융자산비율에 미치는 영향분석

Abstract

The purpose of this study is to present the asset management strategies of households and the government by analyzing the impact of household characteristics on financial assets as well as real estate assets. Specifically, this study attempts to verify the relationship with the financial asset ratio of households through household characteristics such as life cycle, occupancy type, real estate asset ratio, and total debt. In order to fully understand the reason why the financial asset ratio of households is relatively low, the relationship between household characteristics and the financial asset ratio was verified. The analysis results are as follows. Firstly, the characteristics of the older generation (of the life cycle) have a negative influence on the financial asset ratio. Secondly, housing instability in the form of occupation (in the case of monthly rent, not self-owned), negatively affects the financial asset ratio. Thirdly, it was found that the higher the ratio of real estate assets, the more negative influence on the ratio of financial assets. Finally, total liabilities have a negative effect on the ratio of financial asset ratio. In conclusion, this study argues that the characteristics of household assets biased toward real estate assets have a problematic issue, which is that it is difficult to generate steady cash flow in old age after retirement, and that active policy changes are required to increase the proportion of financial assets in households.