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Demand for Retirement Insurance: What Do People Want?

Cheng Wan, Hazel Bateman, Hanming Fang, Katja Hanewald, Oct 02, 2024

This article discusses the diversity and preference variations in the demand for retirement insurance among urban residents in China, particularly the high demand for health-related insurance such as critical illness (CI) and long-term care (LTC) insurance, and how individual financial circumstances, risk appetites, and bequest motives significantly influence their choice of retirement insurance products.

Can Environmental Regulation Enhance Productivity? Evidence from China’s Industrial Sector

Yangsiyu Lu, Jacquelyn Pless, Feb 19, 2025

Our study also contributes to the broader discourse on industrial policy (see Juhász, Lane, and Rodrik 2023 for a recent review of related academic literature). As debates about green industrial policy gains traction in the U.S., Europe, and beyond, there is revived interest in developing a better understanding of how it might impact economic activity. Although economic growth and environmental regulation are often pitted against each other, our findings suggest that this need not be the case.

Bonds of Love: Patriotism and the Rise of Modern Banks

Yuchen Sun, Wanda Wang, Yuchen Xu, Sep 11, 2024

This article discusses that patriotism could be an alternative source of trust in government and financial institutions, particularly during challenging times.

Will robots replace workers? Lessons from China

Osea Giuntella, Yi Lu, Tianyi Wang, Aug 06, 2025

Robot adoption has skyrocketed in China in the last decade. New research finds that this exposure has led to a decline in employment and wages, influencing workers’ training and retirement decisions. How can developing countries prepare themselves for the artificial intelligence revolution?