Pandemic, Precautionary Saving, and Household Portfolio Choice: Evidence from China

Yixing Zhang, Xiaomeng Lu and Qiu Zhong

Emerging Markets Finance and Trade, 2022, vol. 58, issue 15, 4338-4349

Abstract: We examine the short-term impact of the COVID-19 pandemic on household asset allocation in China. The results show that in the first quarter of 2020, households generally save more. Basically, higher regional risk generates stronger motivation to increase precautionary savings. Households generally adapt to more conservative asset allocation strategies, the demand for low-risk asset increases, while the demand for high-risk and high-liquidity asset decreases. We find significant regional differences in household allocation strategies for high-risk and low-risk assets. These results could be due to the regional heterogeneity of time allocations.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1080/1540496X.2022.2069489 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:58:y:2022:i:15:p:4338-4349

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MREE20

DOI: 10.1080/1540496X.2022.2069489

Access Statistics for this article

More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().