【摘要】 家庭财务稳定性是守住不发生系统性金融风险底线的重要一环，而子女作为影响家庭经济决策的重要因素，存在明显的性别差异。基于2015年—2019年中国家庭金融调查(CHFS)数据，实证分析子女性别对家庭财务脆弱性的影响。研究发现：头胎子女性别为男性的家庭表现出更高的财务脆弱性，且儿子占比的升高显著增加了家庭发生财务脆弱性的概率。其中住房投资和负债行为是子女性别差异影响家庭财务脆弱性的主要渠道。家庭财务脆弱性问题更易发生在子女年龄为17—30岁期间和负债水平较高的男孩家庭中；在高房价和性别失衡严重的地区中，有儿子的家庭陷入财务脆弱性的概率更高。因此，深入探讨子女性别如何影响家庭财务脆弱性，对于制定有效的家庭财务规划策略、促进性别平等和降低家庭经济风险具有重要的现实意义。更多还原

【Abstract】 Household financial stability is a crucial component in maintaining the bottom line against systemic financial risks, and children, as a significant factor influencing household economic decisions, exhibit notable gender disparities. Based on the China Household Finance Survey (CHFS) data from 2015 to 2019, this study empirically analyzes the impact of children’s gender on household financial vulnerability. The findings indicate that families with male first-born children demonstrate higher financial vulnerability, and an increase in the proportion of sons significantly elevates the likelihood of financial vulnerability. Housing investment and debt behavior are the primary channels through which gender differences affect household financial vulnerability. The issue of household financial vulnerability is more likely to occur during the period when children are aged 17—30 and in families with high levels of debt and boys. In regions with high housing prices and severe gender imbalances, families with sons are more likely to fall into financial vulnerability. Therefore, a comprehensive analysis of how children’s gender affects household financial vulnerability is of significant practical importance for formulating effective household financial planning strategies, promoting gender equality, and reducing household economic risks.更多还原