It is important to investigate the correlation between housing price and household consumption to gain an understanding of the behavior of the economy and effectively handle the consequences of economic development. In the last two decades, the accumulation of housing wealth by Chinese...

Family ties and kinship networks play an important role in sharing risk under insufficient social security. In this paper, we use panel data based on a massive household survey in China to examine the heterogeneous risk-sharing networks and their impacts on household finance. Based on a...

Family ties and kinship networks play an important role in sharing risk under unanticipated shocks, especially under insufficient social security. In this paper, we use panel data based on a massive household survey to examine the risk-sharing networks and their heterogeneous impacts on...

This study complements the in-kind transfer and wealth effect literature by investigating the heterogeneous consumption effects of different forms but equivalent size of wealth shocks associated with public subsidy programs in the urban renewal process. We exploit a quasi-experiment on the...