Browse by Author "Yan, Zhu"

  • Urbanization and Risk Preference in the People's Republic of China: A Decomposition of the Self-Selection and Assimilation Effects 

    Shi, Xiaojun; Yan, Zhu (Asian Development Bank Institute, 2017-04-30)
    This paper argues that urbanization reshapes 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 ...