Xinyue Zhang

The Number of Minor Children and Household Allocation to Risky Financial Assets: Evidence from the 2021 China Household Finance Survey

Using microdata on 17,744 households from the 2021 China Household Finance Survey (CHFS), this study employs Probit and Tobit models to examine the association between the number of minor children and household participation in risky financial markets, as well as the share of fin...

The Early Advantage: How Economic Education Shapes Women’s Financial Independence

Financial independence is an essential foundation for economic empowerment. However, unequal access to early economic education may limit individuals’ ability to develop financial decision-making skills, potentially contributing to the existing gap in financial literacy between m...