Higher income volatility is associated with a higher risk and a reduction in well-being. Income volatility is widely studied in many advanced economies, yet little is known about income volatility in China. In this paper we document trends in earnings volatility and household income volatility...

This paper studies the impact of the 2011 nationwide cooling measures on China's new home market. We estimate a structural model of household preference for housing, real estate developer's pricing decision and equilibrium market outcome using new home transaction data (during 2008-2017) in four...

This paper studies the impact of home purchase restrictions on China's housing market. We estimate a structural model of household preference for housing, real estate developers' pricing decisions, and equilibrium market outcome in five large cities. By comparing the estimation results from pre-...

In this paper, we examine the impact of housing rent increase on migrants' household consumption and social integration. Using the China Migrants Dynamic Survey 2011-2014, we find that rent increase significantly reduces migrants’ non-housing consumption and leads to deteriorating social...

This paper studies the impact of household-level housing wealth changes on entrepreneurship in urban China. Exploiting the 2011-2015 China Household Finance Survey, we control for lagged proxies for wealth, city-by-year fixed effects, and other household attributes and directly estimate the...