ABSTRACT
Based on CFPS2014 and CFPS2018 data, this study investigates the impact of natural disasters on risky financial assets investment (RFAI) of Chinese urban households. The results show that natural disasters can significantly reduce the decision and intensity of household RFAI. Families with permanent jobs, higher education level and property income tend to adopt RFAI. The household population size negatively affects the household RFAI decision.
Acknowledgments
The authors thank the anonymous referees for their valuable comments and suggestions, and they thank the editors for their patient work and help.
Disclosure statement
No potential conflict of interest was reported by the author(s).
Notes
1 Source: Ministry of Emergency Management, PRC (http://www.mem.gov.cn/). Access Date: 2021-9-20.
2 Source: China Family Panel Studies (http://www.isss.pku.edu.cn/cfps/cjwt/sywt/index.htm?CSRFT=ISHX-9ZL7-EHAJ-TJ7K-R1R0-O8ZY-YEBM-O9M1). Access Date: 2021-9-20.