This paper argues that urbanization reshapes individual's risk preference by exerting self-selection and assimilation effects. Taking advantage of the unique hukou system in the People's Republic of China, we initiate a quasi-experiment method to elicit the two effects, employing the 2013-wave...

Purpose – The purpose of this paper is to shed light on the effect of high-level human capital investment, using tertiary education as the proxy, on the urban-rural income gap in China. Design/methodology/approach – Using a panel dataset covering 28 provinces of China over the period from...

Purpose – The purpose of this paper is to shed light on the effect of high‐level human capital investment, using tertiary education as the proxy, on the urban‐rural income gap in China. Design/methodology/approach – Using a panel dataset covering 28 provinces of China over the period...