We study how age identity (measured by the difference between chronological age and perceived old age), influences financial planning among the older population (60+) in China. Using data from three waves of the China Longitudinal Aging Social Survey, we show that individuals who feel younger...

Household debt is a critical component of family financial management, especially considering the prevalence of credit constraints. This study investigates the determinants of Chinese household debt structure, focusing on the choice between formal and informal borrowing and the proportion of...

This study takes the central, provincial and municipal Environmental Protection Interviews (multi-hierarchical EPI) as a mechanism innovation for precise environmental regulation in Yangtze River Delta (YRD) and constructs a multi-cutoff regression discontinuity design to accurately measure the...

Building on recent findings in psychology, we study the impact of subjective age identity (feeling younger or older than one's chronological age) on economic behaviors. Using data from the Health and Retirement Study we find: Individuals with a younger age identity have higher work engagement,...

We use full-population data at the individual death certificate, prescribed opioid pill, and individual municipal bond level to investigate the effects of the opioid crisis on local governments. The opioid epidemic lowers credit ratings and increases new offer yields among the most affected...

The consequences of granting democratic rights to citizens in otherwise authoritarian regimes has been extensively studied. Much less is know about the implications of retracting these rights when a government wants to recentralize power. Autonomous governance in rural China, introduced in the...

We study how cognitive ability and financial literacy relate to each step of the planning process for retirement, that is, individuals’ propensity to plan, planned savings amounts, and actual economic outcomes (savings, portfolio choice, annuity purchase). We find that cognitive ability and...

The rapid development of Chinese online loan platforms (OLPs), as well as their risks, has attracted widespread attention, increasing the demand for a complete credit rating mechanism. The present study establishes a credit rating indicator system for 130 mainstream Chinese OLPs that combines 12...