Working hours and household financial asset allocation

Xiuli Xu, Panpan Xu and Haiqing Bai

Finance Research Letters, 2024, vol. 66, issue C

Abstract: This paper uses the survey data from the China Household Finance Survey and Research Centre (CHFS) in 2017, 2019 and 2021 as the research sample to investigate the impact of working hours on household financial asset allocation. The study finds that working hours have a significant negative impact on household financial asset allocation; working hours only have a significant negative impact on the financial assets of urban investors compared to rural investors; and happiness plays a mediating role in the relationship between working hours and household financial asset allocation.

Keywords: Working hours; Household financial asset allocation; Happiness (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324007487

DOI: 10.1016/j.frl.2024.105718

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