Global S&T Development Trend Analysis Platform of Resources and Environment
Urbanization and Risk Preference in the People’s Republic of China: A Decomposition of the Self-Selection and Assimilation Effects | |
[unavailable] | |
2017-04-05 | |
出版年 | 2017 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
Migrants in urban areas take greater financial risks than their rural peers in the People’s Republic of China. We argue that urbanization reshapes an individual’s risk preference by exerting self-selection and assimilation effects. Taking advantage of the unique hukou system in the People’s Republic of China, we initiate a quasi-experiment method to elicit the two effects, using 2013 data from the Chinese General Social Survey. We find strong evidence supporting our two-effect theory and the magnitude of both effects are sizable and near in scale. Overall, urbanization improves migrants’ risk appetite, and mediated by this improvement, migrants are more likely to get engaged in uncertain economic activities than their rural peers, as indicated by the evidence when applying the two-effect theory to investigate how households decide on risky financial asset investment. WORKING PAPER NO: 710 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/233971 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Urbanization and Risk Preference in the People’s Republic of China: A Decomposition of the Self-Selection and Assimilation Effects,2017. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp710.pdf(658KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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