594
Views
10
CrossRef citations to date
0
Altmetric
Financial Markets and Economic Development in Emerging Economies

The Urban–Rural Gap of Chinese Household Finance

ORCID Icon & ORCID Icon

References

  • Beck, T., A. Demirguckunt, and M. S. M. Peria. 2008. Banking services for everyone? Barriers to bank access and use around the world. World Bank Economic Review 22:397–430. doi:10.1093/wber/lhn020.
  • Bernheim, B. D., and D. M. Garrett. 2003. The effects of financial education in the workplace: Evidence from a survey of households. Journal of Public Economics 87:1487–519. doi:10.1016/S0047-2727(01)00184-0.
  • Bucher-Koenen, T., and A. Lusardi. 2011. Financial literacy and retirement planning in Germany. Journal of Pension Economics and Finance 10:565–84. doi:10.1017/S1474747211000485.
  • Campbell, J. Y. 2006. Household finance. The Journal of Finance 61:1553–604. doi:10.1111/j.1540-6261.2006.00883.x.
  • Carroll, C. D., K. E. Dynan, and S. D. Krane. 2006. Unemployment risk and precautionary wealth: Evidence from households’ balance sheets. The Review of Economics and Statistics 85:586–604. doi:10.1162/003465303322369740.
  • Christelis, D., D. Georgarakos, and M. Haliassos. 2013. Differences in portfolios across countries: Economic environment versus household characteristics. The Review of Economics and Statistics 95:220–36. doi:10.1162/REST_a_00260.
  • Demirguckunt, A., and L. F. Klapper. 2013. Measuring financial inclusion: Explaining variation in use of financial services across and within countries. Brookings Papers on Economic Activity 2013:279–340. doi:10.1353/eca.2013.0002.
  • Fu, X., and S. Heffernan. 2009. The effects of reform on China’s bank structure and performance. Journal of Banking and Finance 33:39–52. doi:10.1016/j.jbankfin.2006.11.023.
  • Gao, M., and R. Fok. 2015. Demographics, family/social interaction, and household finance. Economics Letters 136:194–96. doi:10.1016/j.econlet.2015.09.027.
  • Guiso, L., P. Sapienza, and L. Zingales. 2007. Trusting the stock market. The Journal of Finance 63:2557–600. doi:10.1111/j.1540-6261.2008.01408.x.
  • Guiso, L., and P. Sodini. 2012. Household finance: An emerging field. Handbook of the Economics of Finance 2:1397–532.
  • Hao, L., A. Hu, and J. Lo. 2014. Two aspects of the rural-urban divide and educational stratification in China: A trajectory analysis. Comparative Education Review 58:509–36. doi:10.1086/676828.
  • Kubik, J. D., H. G. Hong, and J. C. Stein. 2001. Social interaction and stock market participation. Journal of Finance 59:137–63.
  • Li, T. 2006. Social interaction, trust, and stock market participation. Economic Research Journal 1:34–45. In Chinese.
  • Li, T., and J. Guo. 2009. Risk attitude and stock market investment. Economic Research Journal 2:56–67. In Chinese.
  • Liang, P., and S. Guo. 2015. Social interaction, Internet access and stock market participation—An empirical study in China. Journal of Comparative Economics 43:883–901. doi:10.1016/j.jce.2015.02.003.
  • Liu, H., H. Fang, and Z. Zhao. 2013. Urban-rural disparities of child health and nutritional status in China from 1989 to 2006. Econ Hum Biol 11:294–309. doi:10.1016/j.ehb.2012.04.010.
  • Markowitz, H. M. 1991. Foundations of portfolio theory. The Journal of Finance 46:469–77. doi:10.1111/j.1540-6261.1991.tb02669.x.
  • Mookerjee, R., and P. Kalipioni. 2010. Availability of financial services and income inequality: The evidence from many countries. Emerging Markets Review 11:404–08. doi:10.1016/j.ememar.2010.07.001.
  • Prina, S. 2015. Banking the poor vis savings accounts: Evidence from a field experiment. Journal of Development Economics 115:16–31. doi:10.1016/j.jdeveco.2015.01.004.
  • Qian, M., and Y. Huang. 2016. Political institutions, entrenchments, and the sustainability of economic development – A lesson from rural finance. China Economic Review 40:152–78. doi:10.1016/j.chieco.2016.06.005.
  • Rosen, H. S., and S. Wu. 2004. Portfolio choice and health status. Journal of Financial Economics 72:457–84. doi:10.1016/S0304-405X(03)00178-8.
  • Sicular, T., Y. Ximing, B. Gustafsson, and L. Shi. 2007. The urban-rural income gap and inequality in China. Review of Income and Wealth 53:93–126. doi:10.1111/j.1475-4991.2007.00219.x.
  • Smith, P. A., J. R. Brown, Z. Ivkovich, and S. J. Weisbenner. 2007. Neighbors matter: Causal community effects and stock market participation. Journal of Finance 63:1509–31.
  • Tam, T., and J. Jiang. 2015. Divergent urban-rural trends in college attendance state policy bias and structural exclusion in China. Sociology of Education 88:160–80. doi:10.1177/0038040715574779.
  • Tobin, J. 1958. Liquidity preference as behavior towards risk. The Review of Economic Studies 25:65–86. doi:10.2307/2296205.
  • van Rooij, M., A. Lusardi, and R. Alessie. 2011a. Financial literacy and stock market participation. Journal of Financial Economics 101:449–72. doi:10.1016/j.jfineco.2011.03.006.
  • van Rooij, M., A. Lusardi, and R. Alessie. 2012. Financial literacy, retirement planning and household wealth. The Economic Journal 122:449–78. doi:10.1111/ecoj.2012.122.issue-560.
  • van Rooij, M. C. J., A. Lusardi, and R. J. M. Alessie. 2011b. Financial literacy and retirement planning in the Netherlands. Journal of Economic Psychology 32:593–608. doi:10.1016/j.joep.2011.02.004.
  • Vissingjorgensen, A. 2003. Perspectives on behavioral finance: Does “Irrationality” disappear with wealth? Evidence from expectations and actions. In NBER macroeconomics annual 2003, 139–208. Cambridge, MA: The MIT Press.
  • Yeung, G., C. He, and P. Zhang. 2017. Rural banking in China: Geographically accessible but still financially excluded? Regional Studies 51:297–312. doi:10.1080/00343404.2015.1100283.
  • Yin, Z. C., Q. Y. Song, and Y. Wu. 2014. Financial literacy, trading experience and household portfolio choice. Economic Research Journal 4:62–75. In Chinese.
  • Yin, Z. C., Y. Wu, and L. Gan. 2015. Financial availability, financial market participation and household portfolio choice. Economic Research Journal 3:87–99. In Chinese.
  • Zhou, W. 2014. Brothers, household financial markets and savings rate in China. Journal of Development Economics 111:34–47. doi:10.1016/j.jdeveco.2014.07.002.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.