We study the demand for government participation in China's venture capital and private equity market. We conduct a …

China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the … recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate … China's financial system. While early work on China's financial system emphasizes the state-owned enterprise (SOE) reform …

We consider risk sharing in rural China during its rapid economic transformation from the late 1980s through the late … 2000s. We document an erosion of consumption insurance against both household-level idiosyncratic and village …-level aggregate income shocks, and show that this decline is related to observable economic changes: the shift from agriculture to …

The New Cooperative Medical Scheme (NCMS) rolled out in China from 2003-2008 provided insurance to 800 million rural … in life expectancy in China over this period. We confirm these mortality effects using micro-data on mortality, other …

In a rare example of an explicit national goal for income distribution besides reducing poverty, China's leadership has … the potential trade-offs, the paper asks whether China's experience indicates that income-polarization was a by-product of … recently committed to expanding the middle-income share--moving to a less polarized "olive-shaped" distribution. Recognizing …

In this chapter, we review the development of the insurance industry in China. We provide a comprehensive discussion of …

of consumption to income fluctuations. Households unlikely to take up microcredit suffer the greatest loss of informal …