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Keywords: Household registration system
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Journal Articles
Is household registration system responsible for the limited participation of stock market in China?
Available to Purchase
Journal:
Review of Behavioral Finance
Review of Behavioral Finance (2021) 13 (3): 332–350.
Published: 14 July 2020
...Yulin Liu; Min Zhang Purpose This paper aims to examine the effect of China’s unique household registration system (hukou) on stock market participation. Design/methodology/approach In an effort to estimate the effect of hukou on households' financial behavior, we draw on data from China...
