Abstract: An aqueous coating resin composition comprising a water-dispersible nonionic resin (A) and a water-dispersible anionic core-shell resin (B), characterized in that the water-dispersible nonionic resin (A) contains a polyoxyalkylene group-containing polymerizable unsaturated monomer (a1) at 5-50 mass % of the total polymerizable unsaturated monomer used for production of the resin (A), and the water-dispersible anionic core-shell resin (B) contains an anionic group in the resin. It is possible to provide aqueous coating compositions exhibiting both satisfactory coating manageability and finished appearance.