This study complements the literature by examining the role of housing in the allocation and performance of household portfolios under uncertainty. Based on comprehensive survey data in urban China, we identify both income uncertainty associated with unemployment and expenditure uncertainty...

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...