本文选用中国家庭金融调查（CHFS，2011）数据，研究教育水平对家庭风险资产结构和资产配置行为的影响。根据统计，家庭配置中无风险金融资产（房产、储蓄、现金等）过多，资产多样性程度低。而根据Probit和Tobit模型的回归结果，教育水平与我国家庭配置风险金融资产的概率和深度成正相关关系。参与股市的概率和深度与之相似。

This paper uses data from the Chinese Family Finance Survey (CHFS, 2011) to study the impact of Educational Level on the Configuration of Household Risk Assets and Asset Structure. On the basis of statistics, the overall educational level of the family in our country is now presented as an inverted U-shaped distribution. There are excessive risk-free financial assets (property, savings, cash, etc.) in Family Configuration, which also means a low degree of diversification. According to the regression results of Probit and Tobit models, with rising levels of education, the probability and proportion of Family Configuration risk financial assets will increase significantly. In the meantime, the stock market participation also has a positive correlation with education level.