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...

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...

This paper investigates the impact of offspring’s uncertainty on intergenerational decisions. We exploit the experiment of the national college entrance examination (NCEE) reform in China, which increases the income uncertainty of households with compulsory education students. Based on...

Accurate measurements of economic policy uncertainty (EPU) are essential for understanding and predicting economic dynamics. In this study, we use text convolution network, an advanced natural language processing method, to develop an innovative monthly index of EPU. It is explored that this...

Newspaper text has become one of the critical data sources for measuring economic policy uncertainty. In some cases, newspaper discussions of policy uncertainty are expressed in subtle and implied ways. Hence, it is necessary to mimic market practitioners to process and identify perceived,...

Newspaper text has become one of the critical data sources for measuring economic policy uncertainty. In some cases, newspaper discussions of policy uncertainty are expressed in subtle and implied ways. Hence, it is necessary to mimic market practitioners to process and identify perceived,...