Xiaohuan Wang

Shanghai National Accounting Institute

200 Panlong Rd

Qingpu Qu

Shanghai Shi, Shanghai

China

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In Victory or Defeat: Consumption Responses to Wealth Shocks

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-141
Number of pages: 53 Posted: 20 Oct 2022
Alex Imas, Tse-Chun Lin, Yan Luo and Xiaohuan Wang
University of Chicago - Booth School of Business, The University of Hong Kong - Faculty of Business and Economics, Fudan University - School of Management and Shanghai National Accounting Institute
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Abstract:

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Wealth shocks, Consumption responses, Behavioral finance, Individual investors, Financial retail therapy, Digital payment data