on the exact design of the law. Consistent with rational, risk-based pricing, the effect on returns seems to be linked to … how firms share systematic risk with their employees under the respective laws. Firms in states with WDLs prohibiting … employers from acting in bad faith have more intra-firm risk sharing and lower expected returns. Vaguer legislation that …

these issues specifically for rural migrants in urban China, a country where one of the largest domestic migration in human …

In China, real estate and the stock market are the two main markets favored by both individual and institutional … stock market and real estate sector's trading volumes in 31 provinces of China. Its empirical results are based on panel …

China's household saving rate has increased markedly since the mid-1990s and the agesaving profile has become U … households, respectively, to raise their saving rates. These two factors account for over half of the increase in China's urban … household savings rate and the U-shaped age-profile of savings. -- China ; household savings ; income uncertainty ; pension …

Migration of any distance separates family members for long periods of time. In China, an institutional legacy … living alone without any adult children in the village are most at risk of negative consequences of migration, while those …

occurred largely in May 1989 in Beijing, China. Using monthly micro panel data, we present evidence that a surge in political … uncertainty resulted in significant temporary increases in savings among urban households in China. Households responded mainly by …

model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in … England and not China even with equal levels of risk sharing. Under the clan-based Chinese institution, the relatively risk …We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …