【作者】 祁好英；

【导师】 江春；

【作者基本信息】 武汉大学 ， 金融学， 2010， 博士

【摘要】 收入分配对金融结构的发展有着重要的影响。本文从收入分配的角度研究金融结构发展的经济因素,围绕收入分配与金融结构这一主线,对中国和美国的收入分配以及金融结构,特别是金融资产结构进行全方位的比较分析,并通过资金流量表将收入分配和金融结构结合起来进行分析,揭示了中美金融资产结构差异的收入根源。本文的研究表明：中国金融资产结构之所以单一,很大原因是因为中国居民收入来源单一；中国金融结构不够发达,主要是中国居民可支配收入的比重低而且不断下降所致。因此,要大幅度提高中国居民可支配收入的比重,提高劳动者报酬收入在国民收入初次分配中的比重,增加居民的财产性收入；改革税收制度,减轻居民的税收负担；增加政府对居民的转移支出；放宽对企业福利支出的管制。同时,中国金融机构要根据中国居民的收入结构进行产品创新,针对中国居民收入来源相对单一,收入比较不稳定的特点,设计适合中国居民投资的金融产品,有针对性的提供金融服务,比如大力发展契约性的养老保险基金,培育机构投资者,降低金融投资的门槛,让居民也分享金融发展的好处,增加财产性收入的多样性。更多还原

【Abstract】 Income distribution play an very important role in the development of the financial structure. From the perspective of income distribution, this paper argues the economic factors on the development of the financial structure. Focusing on the theme of "income distribution and financial structure", using physical transactions and financial transactions accounts of Flow of Funds Accounts from China and the United States, the paper respectively examines income distribution and financial structure of China and the United States, especially the structure of financial assets by vertically and horizontally comparative analysis. To identify the income source that leads to the financial structure differences of Sino-US, the paper further links income distribution and financial structures by Flow of Funds Accounts from China and the United States.This study shows that the reason why the structure of financial assets in China is single mainly because the source of income for people in China is very single, and China’s financial structure is not fully developed, primarily because the proportion of disposable income for people in China is very low and declines.Therefore, the paper highlights several priorities for income distribution and financial structure in China. The first is to significantly improve the share of disposable income, to improve the share for the compensation of employees in that of the national income initial distribution and to increase property income for residents. The second is to reform the tax system to reduce the tax burden on residents. The third is to increase government social benefits to persons. The fourth is to relax the control on corporate welfare expenditure. Meanwhile, China’s financial institutions should carry out product innovation according to Chinese people’s income structure, which of source income is relative single and not relatively stable, and design financial products available for Chinese residents by developing contractual pension funds and fostering institutional investors, and reduce financial investment threshold so that residents also share the benefits of financial development to increase the diversity of property income.更多还原