This paper uses a lifecycle model to study household finance in China, focusing on the high savings rate, the low stock market participation rate and the low share of stocks in wealth. We control for important regime changes in China in the estimation of structural parameters, and examine their...
This paper uses a lifecycle model to study household finance in China, focusing on the high savings rate, the low stock market participation rate and the low shCooper, RussellZhu, GuozhongSocial Science Electronic PublishingRussell, Cooper, and G. Zhu (2017), "Household Finance in China," ...
Based on the China Household Finance Survey in 2017, using different measurements of FinTech, this paper finds that FinTech can promote the ratio of househ... L Tian,H Zheng,D Tan - 《Household Finance Ejournal》 被引量: 0发表: 2021年 Housing Investment, Stock Market Participation and Hou...
China has one of the highest home ownership rate in the world. Residential demand is no longer an serious issue. New purchases are mostly for investment. 10 Finding #4: Very low participation rate of the formal financing sector, but very active informal finance. No systemic risk in...
M Nieminen - 《Journal of International Money & Finance》 被引量: 0发表: 2022年 Macroeconomic Policy Making and Current Account Imbalances in the Euro Area The paper analyses the role of fiscal and monetary policy for the development of the current account imbalances in the euro area, including...
suppliers’ credits, amounts payable on leasehold land purchased on instalment terms from the Government, loans, bank overdrafts, finance leases and other borrowings arranged for the financing of Fixed Assets. hkelectric.com 指商業票據、供應商信貸、以分期付款條件向香港政 府購買批租土地應付的款項、...
We present an overview of the rapidly expanding literature on household finance (with some important exceptions) and suggest directions for future research. We begin with the theory and empirics of asset market participation and asset allocation over the lifecycle. We then discuss household choices in...
摘要 Purpose:This study uses data from the 2019 China Institute for Educational Finance Research-Household Survey t...展开更多 作者 Yi Wei 魏易 机构地区 Peking University 出处 《ECNU Review of Education》 2024年第3期738-761,共24页 华东师大教育评论(英文) 基金 supported by the National ...
This paper attempts to investigate the impact of demographic structure on household demand for life insurance using the micro- level data of China Household Finance Survey(CHFS).Our empirical results show that the proportion of the elderly in a household has a negative effect on the household's ...
and the basic habit formation coefficient is 0.04.Meanwhile,habit formation effect increased during the society transformational periods.At last,we also found heterogeneity by different cohorts.Our work is suggestive both in micro household finance behavior,and in macro policy making against weak ...