Using the Chinese Longitudinal Healthy Longevity Survey, we try to identify the effect that quantity of children has on the health statuses of elderly parents. After dealing with a potential endogeneity problem using instrumental variable estimation, we find no significant long-arm “fertility...

This paper examines bank credit growth in emerging markets before, during, and after the 2008-09 financial crisis using bank-level data, focusing on the role of bank ownership. Credit growth by foreign banks lagged behind that of domestic banks in 2009 in Asia, and in 2010 in Latin America and...

In this paper, we build on the literature that examines associations between height and health outcomes of the elderly. We investigate the associations of height shrinkage at older ages with socioeconomic status, finding that height shrinkage for both men and women is negatively associated with...

This paper investigates the tripartite association among capital gains, illiquidity, and stock market returns. We find that trading in capital gains improves stock liquidity. We also find that realized stock returns are negatively related to the joint term of illiquidity and capital gains, but...

This paper investigates how people respond to the distorted incentives of One-Child Policy by examining its impact on twin births in China. The analysis using population census data shows that the One-Child Policy accounts for more than one-third of the increase in twin births since the 1970s....

This paper verifies that prospect theory preferences and speculative motives are drivers of trading in relation to capital gains at the stock level. Initially, investors are less likely to sell a stock as capital gains or losses become larger, consistent with the prospect theory. When capital...

Adult height, as a marker of childhood health, has recently become a focus in understanding the relationship between childhood health and health outcomes at older ages. However, measured height of the older individuals is contaminated by height shrinkage from aging. Height shrinkage, in turn may...

We examine the prevalence of depressive symptoms among the mid-aged and elderly in China and examine relationships between depression and current SES factors such as gender, age, education and income (per capita expenditures). In addition, we explore associations of depressive symptoms with...