Status concern and the feelings of relative deprivation affect individual behavior and well-being. Traditional norms and the alarming inequality in China have made relative deprivation more and more intense for the Chinese population. This paper reviews empirical literature on China that...

Based on the data from China Family Panel Studies (CFPS), this paper analyzes the impact of income inequality on the investment of risky assets between urban and rural households. Our results indicate that income inequality has different effects on risky asset investment of urban and rural...

Background: In the Chinese population, the middle-aged and older adults are the two main segments that utilize a large portion of healthcare. With the fast growth of the two segments, the demands of healthcare services increases significantly. The issue related to inequality in utilization of...

Using the Chinese urban household survey data between 1997 and 2006, we find that income inequality has a negative (positive) impact on households' consumption (savings), even after we control for family income. We argue that people save to improve their social status when social status is...