This study examined potential effects of financial literacy on household portfolio choice and
investment return, an indicator of financial wellbeing. Using data from the 2014 Chinese …

China's housing prices have been growing nearly twice as fast as national income over the
past decade, despite a high vacancy rate and a high rate of return to capital. This paper …

Although China has witnessed remarkable increase in housing wealth and total household
wealth in recent decades in both urban and rural areas, the housing inequality has grown …

With the popularization of digital finance in China, mobile payments have penetrated into all
aspects of residents' daily life. However, few studies have examined the potential impact of …

城市住宅价格时空演变历来是城市地理学和城市经济学关注的核心内容之一. 住宅价格在空间,
时间分布上具有内在规律性, 探索这一规律信息及其影响机制, 有助于政府制定合理的房价调控 …

In recent years, the phenomenon of delayed age at first marriage and declining fertility in
China has become increasingly prominent, and high housing prices may be one of the …

Based on Chinese city-level data from 1999 to 2012 and controlling for geological,
environmental, and social diversity, our multi-step estimation suggests that credit plays a …

This study examines how an increase in home value affects fertility decisions of
homeowners in China by exploiting regional heterogeneity in housing markets driven by …

We employ a model of precautionary saving to study why household saving rates are high in
China and low in the United States. The use of recursive preferences gives a convenient …

We exploit a novel and unique opportunity to document the transmission of income risk to
consumption in a growing economy. Our laboratory is China, an economy that has …