【作者简介】柳建坤，哈尔滨工程大学人文社会科学学院；何晓斌，清华大学社会科学学院

【文章来源】《社会学研究》2026年第3期

【内容提要】本研究聚焦家庭金融化与收入不平等的关系。研究发现, 家庭间的收入差距随着金融化水平上升呈现先缩小后扩大的特征, 这是金融发展和金融分化逻辑共同作用的结果。前一种逻辑体现为，家庭金融化使非优势阶层家庭比优势阶层家庭获得更大的边际收入增长，由此促进收入平等。后一种逻辑体现为，优势阶层家庭比非优势阶层家庭具有更高的金融化水平，进而获得更多的收入回报, 由此导致收入分化。本研究揭示了金融化影响收入不平等的微观逻辑，并且从金融化视角拓展了社会分层研究的边界。

【关键词】家庭金融化；收入不平等；阶层地位；平等效应；分化效应

【项目基金】本研究为国家社会科学基金重大项目“智能社会风险的形成机理、传导路径及防控对策研究”（25&ZD186）的阶段性成果。

【全文链接】https://shxyj.ajcass.com/Magazine/show/?id=122859

Equalizing or Polarizing Effect? Research on the Relationship Between Household Financialization and Income Inequality

Abstract: This paper focuses on the relationship between household financialization and income inequality. The findings reveal that income disparities first narrow and then widen as the level of household financialization rises at the household level, which is the result of the combined effects of the logics of financial development and polarization. The former logic is manifested as follows: household financialization enables non-advantaged households to achieve greater marginal income growth than advantaged households, thus promoting income equality. The latter logic is manifested as follows: advantaged households have a higher level of financialization than non-advantaged households, thereby obtaining greater income returns, which leads to income polarization. This study reveals the micro-level mechanisms through which financialization influences income inequality and expands the scope of research on social stratification from the perspective of financialization.