Using plausibly exogenous variations in the ethnicity-specific assigned birth quotas and different fertility penalties across Chinese provinces over time, we provide new evidence for the transferable utility model by showing how China's One-Child Policy induced a significantly higher unmarried...

This paper investigates the role of financial literacy overconfidence in investment fraud victimization using the data of a nationally representative survey in China. We find that male, wealthy, and educated respondents tend to be more confident about their financial knowledge. Moreover,...