一、研究背景家庭资产配置问题是指居民在整个生命周期中,将劳动收入和资产处置收益作为家庭财富,通过消费和投资,实现总体效用最大化的优化决策过程。该问题不仅对家庭个体有重大影响,而且会通过影响国民储蓄、消费、金融市场参与度等多种途径影响到一国经济的发展。因此从1960s开始,国内外涌现出大量的关于家庭资产配置的实证和理论研究。本文将以家庭资产组合选择行为影响因素和相应的研究框架为主要研究对象,对国内外家庭资产组合选择行为的研究进行回顾。二、早期理论描述 I. Research Background The issue of household asset allocation refers to the process of optimizing the decision-making process of residents to maximize the overall utility through household consumption and investment through labor income and asset disposal proceeds throughout the life cycle. This problem not only has a significant impact on individual households, but also affects the economic development of a country in many ways, including affecting national savings, consumption and financial market participation. Therefore, since the 1960s, there have been a large number of empirical and theoretical researches on the allocation of household assets both at home and abroad. This article will focus on the influential factors of family asset portfolio selection and the corresponding research framework, and reviews the research on domestic and international family asset portfolio selection behavior. Second, the early theory described