Abstract
ABSTRACT Using the China Household Finance Survey Data, this article studies the effect of financial assets on happiness. The empirical results based on a series of regression models show that (1) household financial assets have a significant impact on individual’s happiness; (2) the effect of different types of financial assets on happiness is heterogeneous and having certificates of deposit has a positive impact on happiness whilst holding stocks will significantly reduce individual’s happiness; (3) the value of certificates of deposit has certainly improved happiness, whilst the value of holding stocks, funds, has no significant effect and (4) the relationship between the value of certificates of deposit and happiness varies with a household income level, but not risk attitude.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
