Li, J. (2022) Household debt and risk tolerance : evidence from China. Working Paper. Sheffield Economic Research Paper Series, 2022001 (2022001). Department of Economics, University of Sheffield ISSN 1749-8368
Abstract
This paper examines the relationship between the head of household’s risk tolerance and household debt in China for a sample of 49,621 households drawn from the China Household Finance Survey, 2011, 2013, 2015 and 2017. The effect of risk tolerance on both the decision to hold and the amount of total household debt, housing debt and non-housing debt held is analysed. The key findings indicate that risk tolerance is positively associated with household debt and non-housing debt. In addition, differences are found in the effect of risk tolerance on household debt across rural and urban households. For example, there exists a positive relationship between risk tolerance and the probability of holding housing debt for rural households while such a relationship is not found for urban households. In addition, the effect of risk tolerance on household debt is larger for rural households
Metadata
Item Type: | Monograph |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2022 The Author(s). For reuse permissions, please contact the Author(s). |
Keywords: | China; Household debt; Risk; Tolerance |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) > Sheffield Economics Research Papers Series The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 25 Apr 2022 10:54 |
Last Modified: | 21 Nov 2022 13:14 |
Published Version: | https://www.sheffield.ac.uk/economics/research/ser... |
Status: | Published |
Publisher: | Department of Economics, University of Sheffield |
Series Name: | Sheffield Economic Research Paper Series |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:185764 |